UPI payments above ₹2,000 will be chargeable from 15 October, but not for everyone, and not the way we may assume…

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Summary

UPI payments in India will introduce charges from October 15, 2026, but only for merchant transactions above ₹2,000 (0.4% charge, capped at ₹300). Peer-to-peer transfers remain free, and investments, utilities, and insurance have different reduced rates. Charges apply to merchants, not customers.

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#1
UPI payments above ₹2,000 will be chargeable from 15 October, but not for everyone, and not the way we may assume Here’s what changes>>>🧵
#2
Sending money to people remains free, regardless of the amount Payments to merchants/businesses above ₹2,000 will be charged at 0.4% Though, the charges are capped at ₹300 for payments of ₹75,000 or more
#3
Payments for mutual funds, stocks, and similar investments will attract a 0.02% charge, capped at ₹300 per transaction Meanwhile, UPI Autopay for SIPs won’t attract any charges
#4
Payments above ₹2,000 for railways, telecom, insurance, fuel and agricultural inputs will attract a flat ₹5 charge
#5
No UPI app can impose any platform fees or hidden charges on users
#6
Kindly note, the charges introduced, namely MDR (Merchant Discount Rate) are applicable to merchants, and not the customers paying The UPI charges would be applicable from 15th October, 2026
#7
Check out the announcements by NPCI, and the govt. for more details: Govt: pib.gov.in/PressReleaseDe… NPCI: npci.org.in/uploads/FA_Qs_…