In today's digital age, the Unified Payments Interface (UPI) has become the preferred way to conduct transactions. However, many users wonder whether there is any charge for making UPI payment, then we will give you the answer through this article, let us know the complete details related to it.
No charges for standard UPI payments
National Payments Corporation of India (NPCI) has clarified that there will be no charges for making payments directly through UPI. Whether you're paying a shopkeeper or transferring money to a friend, these transactions are free of additional costs. This is one of the major reasons why UPI has gained widespread popularity among users.
Charges on wallet transactions above ₹2000
However, it is important to note that while standard UPI payments are free, transactions involving digital wallets may attract fees under certain conditions.
Notably, if you pay more than ₹2000 using a digital wallet, interchange fees may be levied.
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