Govt Bars Banks from Charging Fees on UPI Transactions Up to Rs 2,000

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The Indian government has directed banks and payment system providers to not impose any charges on UPI transactions valued up to Rs 2,000. The order also covers payments made through RuPay debit cards, keeping them free for users. This directive comes amid political debate over the potential monetisation of UPI infrastructure. Congress leader Rahul Gandhi had accused the Centre of quietly opening the door to levying fees on UPI payments.

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