UPI is not free to anyone, Know What's Your UPI Charges?

UPI is not free no more, Know What 's your UPI Charges?

Hello Guyz, I hope you are all fine. In this post, we going to see “UPI is not free to anyone, why this happens, and What's your UPI Charges?".

Go and Take a look at it

I will show you - How much Transactions are Still Free & What Charges You have to Pay For Each UPI Transaction you do From Phonepe, Amazon Pay, Google Pay, BHIM, or Any other UPI Apps Available in the market including private or Bank Owned Apps.

These Charges are applicable to P2P transfers which means that You will be charged only when you transfer money from One UPI to Another UPI like your friend’s UPI while Merchant transactions are still free.

UPI Charges by Bank:-

Kotak Bank  UPI Transaction Charges & Free UPI Transaction Count

Axis Bank Also announced a Transaction Fee on UPI Transactions of Rs.1000 or More once you Cross the Monthly Limit of Free Transactions. According to email Which Axis Customers Received. There will be 20 Free Transactions in a Month Post consuming that Quote Customer will be charged a Transaction Fee on each transaction. Axis Bank Applied these Charges From 3rd May & After that But Some Users also Received the Date increased to June. 

HDFC Bank  UPI Transaction Charges

Most Recent Notification was From HDFC bank Where All the Customers received a Notification from the bank mentioning UPI Transactions Charges. According to the mail. There will be 20 Transaction Free for a user For P2P Transfers. Post that There be Charges on each Transaction Whether it’s of Rs.1 or More. These Limits Apply From 3rd May 2020 Onward or Some Users Received mail Where date is 2 July. 

The charges for P2P fund transfers via UPI are as follows:

Bank Of Baroda UPI Transaction Charges

No Updated on Charges on UPI Transaction From BOB Bank. We Will Update soon once there will be Offical news.

ICICI Bank UPI Transaction Charges

No Updated on Charges on UPI Transaction From ICICI Bank. We Will Update soon once there will be Offical news.

SBI Bank UPI Transaction Charges 

No Updated on Charges on UPI Transaction From SBI Bank. We Will Update soon once there will be Offical news.

Disclaimer:- I'm not just copying and paste, I wrote my own version with that source post. It just is written for sharing knowledge purpose

Source - bigtricks.in (Thank you for the Post!)