Why India Could Become a Cash Economy Again? New ₹2,000 Rules Explained! ft. Varun | Jist

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A new government notification has triggered questions over the future of UPI payments above ₹2,000. The notification makes it clear that UPI transactions up to ₹2,000 will remain free, while payments above that amount have not been made chargeable yet. However, the notification has opened a fresh debate over whether Merchant Discount Rate (MDR) could eventually be introduced on larger merchant payments. The development comes after Parliament passed a law in August 2026 that removed the earlier legal restriction on imposing MDR on payment systems such as UPI and RuPay. The government has clarified that this is only an enabling provision and does not mean that a new UPI charge has already been introduced. In this video, we explain what the new government notification actually says, why the ₹2,000 threshold matters, whether banks or payment companies can charge users on their own, who could potentially pay MDR in the future, and what this could mean for UPI users, merchants and the digi

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