Banks Cannot Impose Charges on UPI Payments of up to Rs 2,000, Govt Says

Government says no charges on UPI payments up to ₹2,000. What happens beyond that?

Government has said there will be no charges on UPI transactions up to ₹2,000, but the wider debate over Merchant Discount Rate is not closed.

Govt Paves Way For Fee On UPI Payments Over ₹2,000

The government on Monday paved the way for banks to levy charges on UPI (Unified Payments Interface) transactions above Rs.2,000, through a notification under the Payment and

UPI transactions up to Rs 2,000, RuPay debit card payments to remain free, says Centre

In August, Parliament passed a law allowing banks and other service providers to levy charges on payments through UPI and RuPay debit cards.

Banks can't charge for UPI, RuPay debit card payments up to Rs 2,000: Government

The government has barred banks and payment system providers from charging for UPI transactions of up to Rs 2,000 and RuPay-powered debit card payments. The move leaves scope for fees on higher-value merchant transactions under a possible MDR framework.

Govt bars bank charges on UPI payments up to Rs 2,000 and RuPay debit card transactions

The UPI, launched on August 25, 2016, has transformed India's digital payments landscape, with transaction value surging from Rs 0.07 lakh crore in FY17 to around Rs 314 lakh crore in FY26, a more than 4,000-fold increase over the decade.

UPI Payments Up To Rs 2,000 Are Free. Here's What Happens Beyond That

If you pay Rs 5,000 or Rs 10,000 through UPI, there is currently no government-announced consumer transaction fee that automatically applies.