NationalMonday, 14 September 2026·The Hindu - National
UPI payments up to ₹2,000 barred from charges under September 14, 2026 notification
A September 14, 2026 notification barred charges on UPI and RuPay debit card payments up to ₹2,000, while the government has not decided on higher-value MDR.
Key highlights
Direct fact
On September 14, 2026, the government notified that no bank or payment system provider shall levy charges on UPI transactions up to ₹2,000 or on payments made through RuPay debit cards, under an amendment linked to the Payment and Settlement Systems Act, 2007.
Key specifics
- The notification refers to section 10A of the Payment and Settlement Systems Act, 2007.
- The amendment Bill was passed by Parliament during the Monsoon Session that ended on August 13, 2026.
- UPI is operated by NPCI, an initiative of the RBI and the Indian Banks’ Association.
- UPI is accepted in 11 countries, including Uzbekistan, Singapore, the UAE, France, and Mauritius.
- UPI was launched on August 25, 2016, and transaction value rose from ₹0.07 lakh crore in FY17 to around ₹314 lakh crore in FY26.
Exam lens
MCQ focus: digital payments, section 10A, MDR, NPCI, UPI launch date, international acceptance; TNPSC may ask which Act was amended, who operates UPI, and in how many countries UPI is accepted.