As per NPCI's new framework effective 15 October 2026, what Merchant Discount Rate (MDR) applies to eligible person-to-merchant UPI transactions above ₹2,000?
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Answer: Option B — 0.4%
Detailed Solution
NPCI has notified a 0.4% MDR on eligible P2M UPI transactions above ₹2,000 (capped at ₹300 for transactions ≥₹75,000), effective 15 October 2026. UPI transactions up to ₹2,000 and all P2P transfers remain free of charge.
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