Are there any charges for UPI?

No, there are no charges for customers using UPI for standard bank-to-bank transfers. According to NPCI guidelines, peer-to-peer and peer-to-merchant transactions from a linked bank account are free. Key details regarding UPI charges include:

• Personal bank transfers and direct merchant payments remain free for individuals.
• An interchange fee of up to 1.1% may apply to merchants for prepaid wallet transactions above ₹2,000.
• Customers are not required to pay this interchange fee; it is borne by the merchant or provider.