Current Affairs - Finance - Discussion

₹2,000 is the transaction value limit up to which UPI payments have been specified as charge-free by the government. Banks and payment system providers cannot charge customers for initiating or receiving UPI transactions up to this amount. The same exemption applies to RuPay debit card transactions up to ₹2,000. The clarification was issued amid discussions surrounding amendments to the Payment and Settlement Systems Act, 2007. The measure aims to ensure that consumers and small businesses can continue using digital payments for small-value transactions without additional charges. P2P UPI transactions also remain free for users.