
UPI payments over Rs 2,000 to merchants will attract 0.4% fee
Flat fee of Rs 5 on railways, telecom services, insurance, and fuel transactions over Rs 2000

Flat fee of Rs 5 on railways, telecom services, insurance, and fuel transactions over Rs 2000

UPI rate of 0.4% to be levied on merchant transactions above ₹2,000 | India News
While NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating under the person-to-person merchant (P2PM) category will “enjoy a mandatory zero MDR”. Merchants in this category, typically small shopkeepers, street vendors and local businesses, are classified as those receiving less than Rs 1 lakh per month in their accounts through UPI.

Radhika Merchant celebrated Ganpati Bappa with a mesmerising classical dance at Antilia, looking ethereal in a custom pink Kanjeevaram by Manish Malhotra. | Fashion Trends

Aishwarya Rai Bachchan s Raksha Bandhan celebrations were a private family affair, but pictures shared by her brother Aditya Rai and sister-in-law Shrima Rai have offered fans a rare glimpse of the occasion. The photos feature Aishwarya with her mother Vrinda
Fourteen merchant ships were trapped in the Great Bitter Lake when the Suez Canal shut in June 1967. They remained there for eight years

After zamindars, the most significant patrons of terracotta temples were merchants. The surge in textile exports and the monetization of the economy under the Mughals in the 17th and 18th centuries enabled merchants to become wealthy and to replicate the templ
Consumers will not face any charges for UPI payments. Most merchant transactions will also remain free of cost
The finance ministry said any future MDR on UPI will be nominal and limited to merchant transactions above a specified threshold, while consumers and most merchants will face no charges. The move aims to support UPI s long-term sustainability, security and inf
India has overtaken China in supplying merchant shipping officers, with 140,718 officers compared with China s 110,893, according to the BIMCO-ICS Seafarer Workforce Report 2026. India has nearly 312,000 seafarers overall, ranking second globally behind the Ph