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Government allows banks to charge on UPI payments above ₹2,000

No charges on transactions up to ₹2,000 via UPI and RuPay debit cards

The government has authorised banks to levy charges on Unified Payments Interface (UPI) transactions exceeding ₹2,000. This move was announced through a notification under the Payment and Settlement Systems Act, 2007, on Monday.

Reported by: निहारिका टाइम्स न्यूज़ डेस्क

Published Sep 15, 2026, 06:02 IST

News Desk, Niharika Times

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The Indian government has allowed banks to charge fees on UPI transactions exceeding ₹2,000, as per a notification under the Payment and Settlement Systems Act, 2007. Transactions up to ₹2,000 using electronic payment modes, including RuPay debit cards and UPI, remain exempt from any charges.

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The Centre specified that no bank or system provider shall impose any charge, directly or indirectly, on payments made or received using electronic modes up to ₹2,000. This exemption applies to RuPay-powered debit cards and UPI transactions. The new rule permits banks to charge a limited set of merchant transactions that cross this threshold.

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निहारिका टाइम्स न्यूज़ डेस्क

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PublishedSep 15, 2026, 11:32 IST IST

Last updatedSep 15, 2026, 11:32 IST IST

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Government allows banks to charge on UPI payments above ₹2,000