UPI MDR start date

NPCI deferral of the UPI MDR until after Diwali 2026, with the research baseline window shown on a timeline.

NPCI Deferred the UPI MDR Two Days Before Launch. The Research Window Moved; It Didn’t Close

On October 13, 2026, NPCI’s UPI and Services Steering Committee deferred the merchant discount rate on select UPI payments. Citing the festive season, it said the MDR will be implemented “...