UPI Charges Explained: What Is Free and What Is Not From 15 October 2026
UPI is not becoming a paid service for ordinary users. Person-to-person transfers stay free at any amount, merchant payments up to ₹2,000 stay free, and small vendors keep a mandatory zero rate. The new merchant discount rate starts at 0.4% above ₹2,000 and applies to roughly 4% of merchant transactions.