# CAIT Denies No UPI Day Call

> CAIT says reports of October 2 No-UPI Day are misleading.
- Title: CAIT Denies No UPI Day Call · The Economic Times | Shortify
- Summary: CAIT says reports of October 2 No-UPI Day are misleading. CAIT denies calling for a nationwide No UPI Day on October 2, stating reports are factually…
- Keywords: cait, upi, mdr, traders, banking, india, Denies, Day, Call, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/banking/finance/banking/traders-body-cait-denies-no-upi-day-call-on-october-2-terms-reports-misleading/articleshow/134488473.cms
- Author: PTI
- Published: 2026-09-25T15:12:00+00:00
- Read time: 1 min
- Topics: cait, upi, mdr, traders, banking, india
## CAIT denies No-UPI Day reports
CAIT denies reports that it called for a nationwide No UPI Day on October 2.

> These reports are completely incorrect, misleading and do not reflect the official position of CAIT
## MDR levy details
From October 15, a 0.4 per cent merchant discount rate applies to person-to-merchant UPI payments above Rs 2,000.
## Payment rules
Merchants pay the 0.4 per cent MDR, capped at Rs 300 for transactions over Rs 75,000.
## No UPI Day clarification
CAIT says no trade organisations or regional bodies may link their MDR initiatives to CAIT.
## Current MDR impact
Most person-to-person UPI payments and everyday merchant transactions remain free from the levy.
## Key takeaway

CAIT denies calling for a nationwide No UPI Day on October 2, stating reports are factually incorrect and misleading.