INCOME TAX14 Sept 2026
No charge on UPI transactions up to Rs 2,000, RuPay debit card payments, says government
The government has said banks cannot charge you anything on Unified Payments Interface (UPI) payments up to Rs 2,000. The same relief applies to debit card payments made with RuPay cards. This helps small shops and everyday buyers who pay small amounts digitally. Next time you pay a small bill, use UPI or your RuPay card without worrying about extra bank charges.
Key Statutory Highlights
- The Central government issued a notification on Monday stating that banks cannot levy any transaction charges on UPI payments of up to Rs 2,000.
- Banks also cannot levy any transaction charges on debit card transactions made through RuPay cards.
- The Finance Ministry notified these changes in the Payment and Settlement Systems Act.
Actionable Advice for Taxpayers / Founders:Check your bank statement for any charges on UPI payments up to Rs 2,000 or on RuPay debit card payments. If you spot one, ask your bank to explain it and keep a record of the reply.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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