πΈ UPI fee changes start Oct 15; some payments remain free
New UPI charges take effect from October 15, implementing a 0.4% MDR on payments over Rs 2,000. However, railway tickets, fuel, insurance, and utilities will have a flat Rs 5 fee instead of the percentage rate. Sending money to friends or family, plus Autopay for OTT, will stay free for users. Merchants will bear the MDR cost, though some may absorb it themselves. These changes aim to keep essential services digitally efficient and low-cost. π°