Government says no charges on UPI payments up to ₹2,000. What happens beyond that?

Centre on Monday notified a change to the Payment and Settlement Systems Act to say that no charges can be imposed on UPI transactions of up to ₹2,000, settling one part of a broader debate over fees on a system that is now used for transfers of small everyday sums to tens of thousands of rupees.

The Ministry of Finance said in the gazette notification that the prohibition, issued under Section 10A of the Act, covers two categories: payments made through RuPay debit cards, and UPI transactions up to the ₹2,000 threshold.