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Charges on UPI payments: Know the saga, so far!
Charges on UPI payments: Know the saga, so far!

Charges on UPI payments: Know the saga, so far!

Prime Minister Narendra Modi has hailed UPI transactions as a collective resolve of the people of India to adapt to newer technologies.

Rohit Kale Article rating: 5.0

RBI discussion paper, issued earlier in August, expressed that the charges in UPI need to be levied in the same way as IMPS for fund transfer. This raised questions about the possibility of RBI charging fees for UPI payments, which has created a buzz among the general public.   

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