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p2mStatus: published
Standard Merchant Payments Above ₹2,000: 0.4% MDR (Capped at ₹300)
Standard merchant transactions above ₹2,000 attract a 0.40% Merchant Discount Rate (MDR) payable by the merchant/acquirer. A maximum cap of ₹300 applies for any transaction of ₹75,000 or above. Consumers pay ₹0.
Official Rule Specification
Rule ID: rule-p2m-standard-above-2000
Status: published
Payment Type: p2m
Effective From: 2026-10-15
Consumer Fee: ₹0
Fee Type: percentage (0.40%)
Fee Cap: ₹300
Source: PIB PRID: 2310586
Calculation Formula & Mechanics
Amount > ₹2,000 → MDR = min(Amount * 0.004, 300)
Applies To
General retail stores, e-commerce, consumer electronics, supermarkets, hotels, travel bookings, and commercial checkouts.
Does Not Apply To
Transactions up to ₹2,000, P2P personal transfers, or specified essential sectors.
Official Regulatory Attribution
Organization: Ministry of Finance, Government of India
Document Identifier: PIB PRID: 2310586
Publication Date: 2026-09-15
Last Verified: 2026-09-19