14
Oct
Many smartphone users across India are opening their payment apps with a new sense of anxiety. Viral social media posts, confusing headlines, and neighborhood rumors suggest that a 0.4% fee will now be deducted from your bank account every time you make a UPI payment over ₹2,000. If you are worried about paying extra to split a dinner bill, send money to a family member, or buy groceries, you can breathe a sigh of relief. You do not have to pay a single paisa extra for your everyday transactions. The National Payments Corporation of India (NPCI) structured the 0.4% Merchant…