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EconomyIndia bars bank charges on UPI payments up to 2,000 rupees

India has notified amendments to its Payment and Settlement Act that prohibit banks from charging fees on Unified Payments Interface transactions of up to 2,000 Indian rupees ($20.93).

IndiaUPIbank fees

RReuters★★★☆☆2026-09-14 19:50Original

India bars bank charges on UPI payments up to 2,000 rupees
India bars bank charges on UPI payments up to 2,000 rupeesEconomy