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UPI CHARGES FROM 15 OCTOBER 2026: WHAT CUSTOMERS AND BUSINESSES NEED TO KNOW

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UPI CHARGES FROM 15 OCTOBER 2026: WHAT CUSTOMERS AND BUSINESSES NEED TO KNOW UPI is changing — but UPI is NOT simply “becoming chargeable”. From 15 October 2026 , the National Payments Corporation of India (NPCI) will introduce a revised Merchant Discount Rate (MDR) framework for specified Person-to-Merchant (P2M) UPI transactions. The most important point is this: UPI payments are still free for consumers. Person-to-Person (P2P) payments will also remain free . The new MDR framework mainly concerns specified merchant transactions above ₹2,000.  WHAT IS CHANGING? From 15 October 2026: • UPI transactions up to ₹2,000 remain protected from direct or indirect charges by banks and payment system providers. • Person-to-Person (P2P) UPI payments remain free. • Specified Person-to-Merchant (P2M) transactions above ₹2,000 will come under the revised MDR framework. • The standard MDR for specified eligible transactions is 0.4%. • For transactions of ₹75,000 and above, the MDR i...
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FAST-DS 2026: Foreign Assets Disclosure Scheme Explained – Eligibility, ₹1 Crore & ₹5 Crore Limits, Tax, Fee and Filing Process

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FAST-DS 2026: Foreign Assets Disclosure Scheme Explained – Eligibility, ₹1 Crore & ₹5 Crore Limits, Tax, Fee and Filing Process FAST-DS 2026 has opened a limited-time opportunity for eligible taxpayers to regularise certain previously undisclosed foreign assets and foreign income. The Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026 (FAST-DS) is a one-time voluntary disclosure scheme introduced under Chapter IV of the Finance Act, 2026 , covering sections 130 to 144, read with the Foreign Assets of Small Taxpayers – Disclosure Scheme Rules, 2026. The scheme came into force on 16 August 2026 , and the last date for filing a declaration is 31 December 2026 . The valuation date for assets covered by the scheme is 31 March 2026 .  For taxpayers who have an old overseas bank account, foreign shares, ESOPs/RSUs, overseas property, foreign investments or other foreign assets that were not properly disclosed in earlier income-tax returns, FAST-DS 2026 deserves immediat...
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