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Business
Government Bars Banks from Charging Fees on UPI Payments Up to ₹2,000
✍️ Business Standard
🗓 15 Sep 2026, 02:40 AM
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The government has directed banks not to levy any charges on UPI transactions of up to ₹2,000. The directive aims to reduce transaction costs for users.
The government has issued a directive instructing banks not to impose any charges on UPI payments up to ₹2,000. The order applies to all banks offering UPI services across the country. By removing fees on small-value transactions, the measure seeks to make digital payments more affordable for consumers.