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Is there a charge for using UPI for financial transactions?

Curious about Unified Payments Interface

Is there a charge for using UPI for financial transactions?

Most banks and payment service providers do not charge any fees for using UPI (Unified Payments Interface) for financial transactions. UPI transactions are generally free of cost for users. However, it's important to note that certain banks or payment apps may impose transaction limits or charges for specific types of transactions or for exceeding certain transaction volumes in a day. These limits and charges, if applicable, may vary depending on the bank or payment app you are using.

It is advisable to check with your bank or the specific UPIenabled app you are using to get accurate information about any charges or transaction limits associated with UPI transactions. You can also refer to the terms and conditions or fee schedules provided by your bank or payment service provider to understand any applicable charges.

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