Banks to monitor merchants to prevent passing UPI charges to consumers

The record

Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.

Banks are responsible for monitoring merchants to ensure Merchant Discount Rate charges for UPI transactions are not passed to consumers.
A new framework starting October 15, 2026, will apply a 0.4% charge on UPI merchant transactions exceeding Rs 2,000.
The Indian Banks’ Association will implement a mechanism to prevent cost recovery from customers and launch an awareness campaign.
This oversight aims to protect consumers from additional transaction fees.

Discussions between the finance ministry and the Indian Banks’ Association regarding MDR.
Meetings between the government, merchants, and the Confederation of All India Traders.
The GST council's decision on the applicability of GST on MDR.

1 report

English national1

All filed from India

Named India · Confederation of All India Traders · Finance Ministry · GST Council · Indian Banks' Association

The 1 report is listed beside the record.

A correction says what was wrong and why. Every earlier headline and brief of this record is kept.

Say what, and it arrives with this record's address filled in. A correction is welcome.

Answers cite the reports above, or say they can't.