UPI Payment Alert: This Bank Starts Charging on UPI Transactions – Details Inside

Pravesh Maurya — Thu, 31 Jul 2025 08:04:07 +0000

The country’s leading private bank, ICICI (UPI New Rules 1 August) has given a big shock to its customers. Now transaction fees will be charged for making payments through users or payment aggregators (PA).

This new rule is going to be implemented from August 1, i.e. tomorrow. However, this charge will be taken only from the merchant’s account. Merchant here refers to businessmen. Businessmen like shopkeepers, restaurants etc.

Let us first know how much charge will be levied and what are the rules for collecting it?

How much will I have to pay?

If any user has an escrow account with ICICI Bank PA, he will be charged 0.02 per cent per transaction.
The maximum limit of this charge will not exceed Rs 6.
Those who do not have an escrow account in ICICI Bank can be charged 0.04 percent.
In this case, the maximum charge will not exceed Rs 10 per transaction.

When will you not have to pay the charge

If a transaction is transferred directly to the merchant’s ICICI Bank, then in such a case you will not have to pay any charges.

Why is the charge being levied?

The government does not charge (Merchant Discount Rate) from any businessman. It is currently zero. But NPCI charges switch fees from banks. Some banks are charging this fee from payment aggregators.

These rules of UPI will change

Balance Check Limit
Checking bank account in one app
Autopay on time
Limit in checking payment status
Limit on payment reversal

This limit has been imposed on UPI payments so that users can make necessary payments

There should be no problem. Recently, users had to face many problems while making UPI payments. The UPI server used to go down almost every day. NPCI has found this solution to this problem.