"No UPI Day" : 2 October को घर से Cash लेकर जरूर निकले वरना बुरे फसेंगे! | UPI Protest || TFI ||

Описание: "No UPI Day" : 2 October को घर से Cash लेकर जरूर निकले वरना बुरे फसेंगे! | UPI Protest || TFI ||

Trade associations and merchant bodies across several states have announced plans to observe a "No UPI Day" protest on October 2, asking shoppers and consumers to carry cash for daily purchases!

In this detailed news breakdown and consumer alert report by The Fact India (TFI), we explain why major retail and trader federations are protesting the upcoming Merchant Discount Rate (MDR) policy. Starting mid-October, a 0.4% MDR charge is scheduled on eligible person-to-merchant (P2M) digital payments exceeding ₹2,000. Operating on thin profit margins, retail store owners and merchant associations are staging a symbolic cash-only campaign on Gandhi Jayanti by covering QR code scanners and soundboxes.

Inside this news report and financial breakdown, we cover:
Detailed breakdown of the October 2 "No UPI Day" trader protest and cash payment advice.
What is the 0.4% MDR charge on UPI transactions above ₹2,000, and why merchants are opposing it.
Clarification for consumers: Will customers be charged extra fees, or is this purely a merchant-side fee?
Statements from trade bodies (MACCIA, regional associations) and official government/NPCI responses.

For official financial updates, policy releases, and verified trade news, consult updates from Press Trust of India (PTI), ANI, National Payments Corporation of India (NPCI), Ministry of Finance, and Dainik Bhaskar.

Watch the full video report for complete ground reality checks, expert analysis, and objective journalism!

Will you be carrying cash on October 2 for shopping? Share your thoughts in the comments section below!

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|| The Fact India || TFI ||