NSE MD & CEO Ashish Chauhan says no government talks on new UPI MDR; expects brokers, clients to resolve i
- Posted on September 26, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
NSE's top leadership clarifies that upcoming UPI transaction charges remain a matter for brokers and clients to negotiate directly, with no ministerial intervention anticipated. Starting mid-October, a 0.02% MDR will apply to capital-market UPI payments, though the Finance Ministry estimates minimal impact on the majority of transactions. This development marks a significant shift in how digital payment costs are distributed across India's financial ecosystem.
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NSE MD & CEO Ashish Chauhan says no government talks on new UPI MDR; expects brokers, clients to resolve i
NSE's Managing Director Ashish Chauhan mentioned there have been no government discussions about the new MDR on UPI payments. He indicated that the issue lies between brokers and their clients regarding these charges. The new MDR framework will implement a 0.02 percent charge on capital-market UPI transactions effective October 15. The Finance Ministry has stated that around 96 percent of transactions will remain unaffected by these changes.
