Government Clarifies UPI Free for Users, Nominal MDR May Apply

UPI is a way for people in India to send and receive money using their phones.

Right now, people can use UPI without paying any charges.

The Indian government said that will stay the same — UPI will remain free for people who use it.

Some shop owners might have to pay a small fee, but only for big payments above a certain amount.

This fee would be much smaller than what banks usually charge for credit or debit cards.

The government made this possible by passing a new law about payment systems.

A committee will decide later if any fee is needed and how much it should be.

UPI is the biggest real-time payment system in the world.

In one month, people used it for billions of transactions, and it works in 11 other countries too.

So the short version is: UPI stays free for you, and only some big shop payments might get a tiny fee.