[LIST] UPI charges on different banks

[LIST] UPI charges on different banks

241°
Missing
Deal Cadet
70
559
5

With many banks start to charge for UPI transactions, lets us compile a list of banks vs the charges involved.

Note: I tried searching for any such list already posted, but couldn’t get any. If there is one available, please merge it or we can update this thread.

ICICI Bank
Effective 3rd May 2020, Zero charges for p2p transactions up to 20 transactions per month.
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.

HDFC Bank
Effective 3rd May 2020, Zero charges for p2p transactions up to 20 transactions per month.

Kotak Bank
Effective 1st April 2020, Zero charges for p2p transactions up to 20 transactions per month.

Axis Bank
Effective 1st June 2020, Zero charges for p2p transactions up to 20 transactions per month.

References
ICICI: https://www.icicibank.com/service-charges/commo...
HDFC: https://www.hdfcbank.com/personal/pay/money-tra...
Kotak: https://www.kotak.com/en/digital-banking/ways-t...
Axis: https://www.axisbank.com/docs/default-source/de...

17 Comments  |  
13 Dimers
Missing
Deal Captain
360
7569
46

Thanks for the update.
VU+ KG

Missing
Deal Cadet
16
799
13

Vu kg+ for efforts
Also, I think dbs has no charges.

Missing
Deal Subedar
39
1971
21

No charges for PSU banks as of yet, right?

Missing
Tech Guru
181
1973
104

Ab bank me pasa rakna se koy fayda ni ji😟😥😥

Missing
Deal Newbie
82
40
0

P2P means person to person ????

Missing
Deal Cadet
81
188
2

Neft and imps toh free rehne do sob sob

Missing
Deal Cadet
81
188
2
Vijay33 wrote:

P2P means person to person ????

Yes

Missing
Shopping Friend
295
7184
109
vkrg213752 wrote:

SBI???

No charges for SBI, unlimited times FREE

Missing
Deal Subedar
859
1993
15

Need to be careful with Amazon daily upi send and qr scan. Otherwise jitna liya nahin utna dena pad jayega.

Missing
Deal Hunter
118
6369
184
Alexios wrote:

Need to be careful with Amazon daily upi send and qr scan. Otherwise jitna liya nahin utna dena pad jayega.

While sending from Amazon I guess we are paying through Amazon upi..
So icici – > Amazon – > another person upi..

So from icici if we are paying to Amazon so it should be free..

Correct me if I’m wrong..

PS.. I have stopped using the amaze offer as cashback was 2-3 and if icici deduct then there will be huge loss

Missing
Deal Subedar
859
1993
15
Expand
The_Dark_Knight wrote:

While sending from Amazon I guess we are paying through Amazon upi..
So icici – > Amazon – > another person upi..

So from icici if we are paying to Amazon so it should be free..

Correct me if I’m wrong..

PS.. I have stopped using the amaze offer as cashback was 2-3 and if icici deduct then there will be huge loss

That is why to be on safer side i have changed the bank account to dcb bank which has no such charges for upi transaction.

Missing
Deal Cadet
70
559
5
Expand
The_Dark_Knight wrote:

While sending from Amazon I guess we are paying through Amazon upi..
So icici – > Amazon – > another person upi..

So from icici if we are paying to Amazon so it should be free..

Correct me if I’m wrong..

PS.. I have stopped using the amaze offer as cashback was 2-3 and if icici deduct then there will be huge loss

Refer link given in reference section. Bank app or any 3rd party app, the transactions are counted.

Missing