UPI levy bar on payments till Rs 2000, RuPay debit card payments also protected

Banks and payment system providers will not be allowed to levy charges on Unified Payments Interface (UPI) transactions of up to ₹2,000 or on payments made through RuPay debit cards, the finance ministry said in a gazette notification on Monday.

“No bank or system provider shall impose, whether directly or indirectly, any charge upon a person making or receiving a payment by using the electronic modes of payment,” the notification said, specifying UPI transactions up to ₹2,000 and RuPay debit card payments.