UPI is Not Free Anymore | Know What is Your Bank’s Free UPI Limit of Month & UPI Charges

Almost All Banks Introduced Charges On UPI Transactions


Hello Guys, There is Bad News Coming For All of you that UPI Transactions will not be free anymore like it used to be. All banks are introducing Charges on UPI Transactions one By One. Kotak811 Was the First Bank Who Introduced Charges on UPI Transactions in the Month of February 2020 or March 2020 then other banks also started Charging For UPI Transactions.

In this post, I will let you know 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. UPI

These Charges are applicable on P2P transfers which means 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 be free


Kotak Bank  UPI Transaction Charges & Free UPI Transaction Count

Kotak Mahindra bank Applied a UPI Transaction Fee on each Transaction After You Cross the Free UPI Limit. According to Kotak bank There will 20 Free UPI Transactions each month & then there will be UPI Transaction fee Upto Rs.5. You will be Charged Rs.2.50 Per Transaction For Transaction below Rs.1000 and Rs.5 for Transaction above Rs.1000. These Fees are applicable from 1st March 2020

For transactions less than
or equal to Rs. 1,000
For transactions above
Rs. 1,000
Upto 20 transactionsZero ChargesZero Charges
21 st transaction onwardsRs 2.50 *  per transactionRs 5.00 *  per transaction

 


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. 

The charges are applicable as per UPI linked account basis.
SlabTransaction value
<=Rs. 1000
Transaction value
> Rs. 1000
Up to 20 transactions/month00
21st transaction onwards/monthRs. 2.50**/TransactionRs. 5**/Transaction

 


HDFC Bank  UPI Transaction Charges & Free UPI Transaction Count

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:

No. of “Send money” fund transfers (P2P)Transaction value below or equal to Rs 1,000Transaction value above Rs 1,000
From 1st to 20th Free Free
From 21st onwardsRs 2.75 + applicable GSTRs 4.75 + applicable GST

ICICI Bank UPI Transaction Charges & Free Transaction Count

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


SBI Bank UPI Transaction Charges & Free Transaction Count

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


Bank Of Baroda UPI Transaction Charges & Free Transaction Count

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

 


Once We Get Infor Regarding Other Banks We Will Update it in this Article & Notify You.

Bigtricks
Sonu Gupta Is Founder of Bigtricks .in, Part-Time Blogger. He Likes Blogging and Coding. His Life is - Eat -- Code -- Sleep -- Repeat
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