# No charge for UPI transfers above Rs 2,000 to individuals, government clarifies 2026-09-15T20:27:00+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The government has clarified that transferring more than Rs 2,000 via UPI to another individual will not attract any levy or charge. The clarification follows confusion after the Reserve Bank of India proposed a tiered pricing structure for payments above Rs 2,000 made through prepaid payment instruments such as wallets. The Ministry of Finance stated that all person-to-peer UPI transactions remain free for users. The clarification covers transfers of any amount, including Rs 50,000, as long as the transaction is directly between two individuals. No new charges have been introduced for bank account-based UPI payments. The government's statement aims to dispel any misunderstanding among the public. Users can continue to use UPI for large person-to-person transfers without worrying about additional costs. ## Indian Opinion Analysis The confusion arose from a misinterpretation of an RBI discussion paper on prepaid instruments like digital wallets, not bank-linked UPI. Under the RBI's current framework, banks and third-party app providers bear the cost of UPI transactions, and no fee is passed to consumers. The government's clarification effectively ends speculation that a charge would be introduced. The next item to watch is the RBI's final guidelines on payment system pricing, expected later this financial year. ## Coverage - ndtvprofit.com Tags: Ministry of Finance, RBI, UPI Canonical: https://indianopinion.org/no-charge-for-upi-transfers-above-rs-2000-to-individuals-government-clarifies/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/no-charge-for-upi-transfers-above-rs-2000-to-individuals-government-clarifies/#story-in-brief