Avoid 1.1% charge on UPI transactions above 2000 Rs with this trick

National Payments Corporation of India (NPCI) has notified the 1.1% of interchange fees for selected UPI transactions above 2000INR

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It will be effective from the upcoming financial year starting from the April 1, 2023.

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The charge will be levied on UPI payments of over ₹2,000 made to online merchants, large merchants and small offline merchants.

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The charges are only for those transactions done using Prepaid Payment Instruments (PPIs).

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That includes Credit Cards, Wallets of Payment Apps, etc.

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However, UPI users can avoid this 1.1% extra fee if they pay via UPI directly from the bank account.

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So, if you're using UPI via PPIs, you can try to limit your transactions below 2000 INR to avoid 1.1% charge on UPI transactions.

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Or to avoid the extra charge without limiting the transactions, you can use UPI through bank accrount.

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