Is UPI free of cost?

Yes, UPI is free of cost for all customers making personal transactions. According to NPCI and the Government of India, no charges are imposed on users for bank-to-bank transfers. Key points regarding UPI charges:

• Peer-to-Peer (P2P) transfers between individuals are completely free.
• Peer-to-Merchant (P2M) payments made directly from a bank account carry no transaction fees for the customer.
• While merchants may incur interchange fees for specific prepaid wallet transactions above 2,000 Rupees, these costs are not passed on to the customer.