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Lowest UPI MDR in India (2026): What Merchants Actually Pay per Payment Gateway

calendar_today September 22, 2026 person Marvil Fernandes domain razorpay

Your October 2026 settlement file will carry a deduction line that your September file did not. The accountant flags it; nobody on the team can say whether it is a billing error, a gateway rate change, or the rule everyone mentioned in passing, and reconciliation sits open for a week. The trigger is precise.

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