New Delhi, Nov. 10 -- With Diwali celebrations over and Bhai Dooj falling tomorrow, 11 November, attention is now turning to when the Merchant Discount Rate (MDR) on person-to-merchant (P2M) UPI transactions will come into effect.

The National Payments Corporation of India (NPCI) had earlier deferred the implementation beyond its original 15 October start date.

In an official statement issued on 13 October, NPCI said the revised charges would be implemented immediately after Diwali, with the effective date to be announced separately.

However, the festive period is now drawing to a close, and merchants and customers are awaiting clarity on when the new MDR rules will take effect.

Here's what you need to know.

NPCI, in its 13 October s...