The National Payments Corporation of India (NPCI) said that the news about Unified Payment Interface (UPI) transactions being charged from January 1, 2021, is incorrect and has requested everyone not to fall prey to such incorrect information. There will be no UPI transaction charges added for users.
Presently, no charges are levied on transactions done through UPI.
However, many reports have been circulating that additional charges will be levied on UPI transactions.
The NPCI has urged all the customers to not believe in such stories and continue to perform uninterrupted and convenient UPI transactions.
The message issued by the NPCI comes as a big relief to all those who do UPI transactions or payment.
The NPCI is a shield organization for operating retail payments and settlement systems in India.
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