Parliament Standing Committee didn’t discuss MDR charges on UPI transactions, says Gaurav Gogoi

Expressing concern over the recent announcement of the imposition of 0.4% Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions over ₹2,000, Congress MP Gaurav Gogoi said on Thursday (September 17, 2026) that the Parliament Standing Committee on Finance did not discuss the decision.

The National Payments Corporation of India (NPCI) has introduced a charge of 0.4% that most merchants will have to pay banks and payment processors on UPI payments they receive in excess of ₹2,000 per transaction, it said in a circular issued on Tuesday (September 15, 2026).

Mr. Gogoi said in an X post that, the Department of Finance did not have any specific proposal on the MDR charges when they met the members of the Finance Committee.