UPI Transactions: No Charges for Personal Users, Government Clarifies Amid Rumors

• Central Government clarifies that personal UPI transactions remain free, regardless of the amount.
• No charges apply for bank-to-bank UPI transactions for individuals, whether it's Rs. 1000 or Rs. 1 lakh.
• Interchange fees (0.5% to 1.1%) are only for merchant payments via PPI/wallets above Rs. 2000, paid by the merchant.
• Government allocated Rs. 2000 crores in Budget 2026 as a subsidy to maintain zero MDR for small merchants.
• Rumors about charges are misinformation; the government is committed to keeping UPI free for consumers.