Govt. bars bank charges on payments up to ₹2,000 via UPI, RuPay-powered debit cards
The government notified changes in the Payment And Settlement Act, 2007
On September 14, 2026, India's government issued a notification updating the Payment and Settlement Act, 2007. This change stipulates that banks are prohibited from charging fees on payments made via Unified Payments Interface (UPI) transactions of up to ₹2,000, as well as on payments made using RuPay-powered debit cards. The government gazette notification designated these digital payment methods as modes where banks and systems cannot impose any direct or indirect charges on individuals making or receiving payments.
This alteration came after an earlier provision that prevented banks from charging fees on digital payments through UPI. A final decision on implementing charges for transactions exceeding ₹2,000 has not been made yet. The terms and conditions for comment submission remain in English, in full sentences, and cannot be abusive or personal.
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