Disclaimer

Last updated: 18 September 2026

Money moves from your bank to the payee bank via NPCI. This website is not in that path. — Funds never sit here. A calculator result is a reading of published rules, not a settlement instruction.

Read this before you rely on a number

UPIfree.com is an independent information site. It is not the Ministry of Finance, not NPCI, not RBI, and not your bank. A result here is a reading of published rules, not a settlement instruction.

Not a payment service

We do not acquire merchants, issue VPAs, hold escrow, or push IMPS/UPI credits. QR codes from this site are ordinary UPI pay strings. If a payment fails or a soundbox speaks a different amount, that dispute is with the app, the bank, or the shop, not with this website.

Not financial, tax, or legal advice

Nothing on these pages is advice to structure a transaction, claim an exemption, or treat MDR as tax-deductible. Speak to your acquirer or a professional if you need that. Ask Pikoo and the bill reader are the same: a reading of printed fields and published rules, not advice.

OCR and chat can be wrong

The bill reader can misread a total, a date, or a merchant name. Ask Pikoo can summarise a rule poorly. Confirm the printed slip, the bank SMS, and PIB PRID 2310586. Do not photograph PIN, OTP, or Aadhaar.

When the shop MDR starts

The Finance Ministry note is dated 15 September 2026 (PIB PRID 2310586). NPCI and later reporting say specified shop MDR above ₹2,000 applies from 15 October 2026. The calculator shows that announced framework so you can see what the shop's bank may take after that date. Until a bank posts the fee, the live ledger at the acquirer is what counts.

Buyer surcharge remains ₹0 on the published framework. P2P stays free. Tickets up to ₹2,000 stay at 0% MDR. Standard shop tickets above that band are 0.40% with a ₹300 cap from ₹75,000. Essential sectors (including fuel, rail, telecom, insurance, utilities, education) are described as a flat ₹5 above ₹2,000. Capital markets: 0.02% capped at ₹300. Small P2PM QR merchants taking up to ₹1 lakh a month into their own account are described as exempt.

What we cite

Ministry of Finance, PIB PRID 2310586, 15 September 2026. Open the release
NPCI UPI circulars and the 15 September 2026 MDR FAQ as reported. NPCI circular index
Reserve Bank of India directions on payment aggregators, where they affect how a merchant is boarded, not a substitute for your aggregator agreement. rbi.org.in

Worked examples that appear in September 2026 FAQ coverage (₹2,000 = ₹0, ₹3,000 = ₹12, ₹50,000 = ₹200, ₹75,000 and above = ₹300) are shop-side MDR, not a buyer surcharge.

Contracts can differ

A payment aggregator may still charge a blended rate, a rental, or a setup fee on top of gazette MDR. Small QR shops in the P2PM class (up to ₹1 lakh a month) are described as exempt in September 2026 coverage; your bank must still classify you that way. GST rumours about a buyer add-on were dismissed in 17 September 2026 reporting; that is news, not a gazette. See latest updates.

Court filings

News reports on 16 September 2026 described a Supreme Court writ petition against the gazette. On 28 September 2026, a three-judge Supreme Court bench heard the petition and refused to grant an interim stay on the rollout while issuing four-week notices to the Centre, RBI, and NPCI. The 15 October 2026 rollout remains on schedule. We do not treat a pending petition as a change in the rule until a court or an official instrument says so.

If you find a wrong number

Write to editorial@upifree.com with the URL, the amount you typed, and the circular you think we missed. Do not send a PIN. See Contact.