UPI Payments of Over Rs. 2,000 to Incur 1.1% Charge Starting April 1

  • Interchange pricing will be introduced on April 1, 2023.
  • Payments of more than Rs. 2,000 will incur a 1.1% charge.
  • The fee will be reviewed by September 30, 2023.
  • The introduction of the fee is intended to increase revenue for banks and payment service providers.


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