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Wire · regulatory

Banks cannot impose charges on UPI payments up to Rs 2,000: Govt - Mid-Day

15 September 2026 · By · Wire by Fusion42

Published

15 September 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at mid-day.com →

◆ Verified

Fusion42 · 15 September 2026 · Fusion42 review

The Indian government has mandated that banks cannot impose charges on UPI payments up to Rs 2,000, protecting small-value transactions from additional fees.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

You must adjust your payment pricing strategies as charges on UPI transactions under Rs 2,000 are now banned, opening opportunities for increased transaction volume in small value payments.

◆ Coverage

1 source · 15 Sep 2026

◆ Related on Wire

◆ Topics

Fintechupipaymentsregulationindiabank-fees