SC to hear plea against UPI MDR fee on Oct 28

The Supreme Court will hear a plea on September 28 challenging the government's decision to impose a 0.4% MDR fee (capped at ₹300) on UPI person-to-merchant transactions above ₹2,000, effective October 15. The petition argues the rules lack public consultation and legal safeguards, and notes RuPay debit cards remain exempt.