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Q&A - Interviews / newspoint

No Fee On UPI Transfers Between People

The new Unified Payments Interface (UPI) framework introduced has no impact on any person to person transactions. UPI will continue to remain completely free for all person-to-person transactions, irrespective of the amount transferred. Payments to merchants up to Rupees 2,000, along with transactions covered under the zero-Merchant Discount Rate or MDR framework for small merchants, []

16 Sep 2026 10:27 am