UPI transaction is no more free according to New Rules of Government.
Upto Rs 5 Per UPI Transaction Will Be Charged From You But first 30 UPI Transaction of Each month is free without any types of cost.
More Details:- Every transaction made through UPI, below or equal to the amount of Rs. 1000 will be charged with Rs. 2.50. If the amount of transaction is above Rs. 1000, each transaction will be charged Rs. 5.
Additionally, an 18% GST charge will be levied as well.
UPI Transaction Charges Is also Applicable on Paytm, PhonePE and Google Pay.
The Charge will be applicable on all the UPI Platform which offer UPI Transaction.
Will this bring down the usage of UPI transactions across the nation? Share your thoughts with us in the comments section!