ICICI now charge P2P UPI transfer after 20 FREE, Merchant UPI transaction is unlimited FREE
ICICI now charge P2P UPI transfer after 20 FREE, Merchant UPI transaction is unlimited FREE
Please note that effective May 3, 2020, ICICI now charge P2P UPI transfer – the first 20 ‘send money P2P (peer to peer)’ fund transfers via UPI will be free. Subsequent fund transfers will incur a nominal fee.
Note – Merchant UPI transaction is unlimited times FREE
No charges are applicable for merchant payments, online shopping transactions and bill payments.)
(effective May 03, 2020)
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Last updated by: abhishek012
HDFC, Axis & ICICI bank reversed UPI charges
Enjoy
now UPI transaction is unlimited FREE
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Is this also included in 20 lakh Cr Package?
So,what all other banks charging like this?
Beggars, can’t even offer UPI free.. how much do they pay for using npci infra anyway ?? Bad step by all banks.. Govt should intervene
Good move , will stop useless 1/2 Rs transfers for cashback / rewards .
Kotak and Axis started this earlier. Now ICICI also joins.
Impact of cashback offers on money transfer by paytm, mobikwik, amz pay, phonepe etc.
Damn I already crossed 20 txns this month. No charges levied so far. Are they going to charge at the end of the month?
Same here… gotta stop it from tomorrow.
This is not good, just like janta curfew, its the trail. If we accept it, slowly it will be reduced to 15 per month, than 10 and finally UPI won’t be free, they will say “no harm in charging 5rs per txn in the name of convineance/service fee”. implementing only first 20 free txn of the month is acceptable, but it will be reduced for sure in the near future and that’s concerning.
i already crossed 25 transactions from ICICI..not incurred any charges till now..but now changed UPI bank to SBI..will change to others to avail the amazon offer..
I got charged in July for June transactions.
this is digital india. will charging digital will make india cashless economy. this is indirectly supporting cash economy.
Yes, third party apps also. They measure directly by underlying account.. and linked phone number.
Note – Merchant UPI transaction is unlimited times FREE
How to avoid UPI Charges (here you get your answer) - https://www.desidime.com/discussions/how-to-avo...
Now its free … Hurray..check icici website now
HDFC, Axis & ICICI bank reversed UPI charges
Enjoy
now UPI transaction is unlimited FREE
From the 21st transaction: Rs 2.50 for transactions less than or equal to Rs 1,000 and Rs 5.00 for transaction above Rs 1,000 will be applicable.
(UPI “Send Money”/”Transfer Money” to people basis VPA or Bank Account and IFSC will be charged for transaction done beyond 20 per month using Bank app or through any 3rd party app.
No charges are applicable for merchant payments, online shopping transactions and bill payments.)
(effective May 03, 2020)