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'These' UPI users may get a shock; Additional charges may apply

indiatimes | June 18, 2024 11:06 AM CST

Everyone makes UPI payments these days. If you are doing the same, you will surely be shocked to hear this news. A new report has surfaced and it says UPI payments will be charged. Today we are going to inform you about this.

Who will have to pay the charges?

Credit card users will have to pay extra. No official announcement has been made regarding this yet. However, experts have given this information while talking to the Economic Times.

Rupay Credit Card

Now most of the banks are using this network because RuPay is India's network. Earlier Visa and MasterCard were used. But now even big banks are issuing credit through this network.

When can charges be applied?

No official information has been given in this regard. But experts say that these changes can happen soon. After this, you will have to pay this fee if you pay with a credit card on Google Pay, Phone Pay, Paytm or any payment app.

How much will be the fee?

Experts have not given this information. But MDR charges can change. Currently, there are no charges for payments up to Rs 2,000. Now this decision has been taken considering the increasing number of transactions.

How to withdraw money from an ATM using UPI without a debit card

To withdraw money from an ATM without a debit card, you first need to visit your nearest ATM.
Now you have to select the 'UPI Cash Withdrawal' option that appears in the ATM.
After this, you have to insert the amount you want to withdraw into the ATM.
After this, a QR code will be generated in front of you on the ATM screen.
Now you have to open the UPI app on your phone.
After this, scan the QR code displayed on the ATM in that UPI app.
While scanning the code, the amount you entered will come out of the ATM.
This way you can easily withdraw money from ATMs through the UPI app. You will not need a debit card for this.