Are there any charges for using UPI?

Most UPI transactions for individuals, including peer-to-peer and bank-to-merchant transfers, are free of charge. However, transactions above ₹2,000 made using Prepaid Payment Instruments (PPIs) for merchant payments incur an interchange fee (0.5%–1.1%). This fee is paid by the merchant or wallet issuer, not the customer. Paytm, like other platforms, adheres to these guidelines, ensuring personal UPI payments remain free.