UPI transaction charges: Who will pay, who will earn and will small transactions stay free – explained
UPI transactions up to ₹2,000 stay fee-free under a new Finance Ministry notification, covering 96% of volume.
Regulators are weighing a ~0.4% charge on larger merchant (P2M) payments, with banks getting 40% of the proceeds.
P2P transfers remain free regardless of transaction value.
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