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Story summary
- Advocate Anjan Datta filed a Supreme Court PIL challenging the 0.4% UPI MDR for payments above INR2,000.
- The MDR will take effect on October 15, 2026 for person-to-merchant UPI payments exceeding INR2,000.
- Merchants earning up to INR1 lakh monthly via UPI QR codes are exempt.
- Railways and fuel sectors face a flat INR5 MDR for amounts above INR2,000.
- The petition argues the framework lacks safeguards, transparency and Gazette notice and seeks RBI review.