Will have to pay 1.1 Percent Charge on UPI Payment! Do not pay by these methods even by mistake

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UPI Payment has been in discussion for the past several days. Actually, this question is arising again and again that whether UPI payment will have to be charged separately? In such a situation, we are going to clear some things for you. Along with this, we will tell that after all, who will have to pay extra charge for making UPI payment. Today we are going to answer all your questions regarding the fees charged on UPI Transaction – Prepaid Payment Instrument (PPI) will be applicable on UPI Merchant Transaction. If a person transfers payment to a merchant with the help of Mobile Wallet, then interchange fees will be applicable instead and these fees will be taken from the merchant. That is, up to 1.1 Percent Extra Interchange Fees will be taken. The interchange fee is going to be applicable to merchants, large merchants and small offline merchants.

Extra Charges on Payment

Card and Wallet are included under PPI. You will have to pay this fee for making payment with the help of both these modes. Usually it is also seen that when you ask to pay by card, the shopkeeper starts demanding extra charge from you. Although this fee is not new and it is being implemented since long.

Wallet Charges-

It has been informed in the circular of NPCI that no separate fee is going to be levied on any kind of transaction between bank account and PPI Wallet in Peer-to-Peer (P2P) and Peer-to-Peer-Merchant (P2PM). That means you don’t need to worry. UPI Payment is still going to remain completely free for the Normal User. Just a few days back, a news regarding this was going viral. On this, NPCI gave its clarification and said that no new charge is being imposed.

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Will have to pay 1.1 Percent Charge on UPI Payment! Do not pay by these methods even by mistake

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