In September 2026, above what threshold did NPCI say the standard merchant discount rate would apply to eligible person-to-merchant UPI payments?
Question and options
In September 2026, above what threshold did NPCI say the standard merchant discount rate would apply to eligible person-to-merchant UPI payments?
- ₹500
- ₹1,000
- ₹5,000
- ₹2,000
Answer and explanation
Correct answer: D - ₹2,000
NPCI and the Department of Financial Services clarified the framework on 15 September 2026. It applied a standard merchant discount rate above ₹2,000, with separate exceptions and rates for specified cases.
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