VERIFIEDMint Money·16 Sept 2026neutral

UPI new rules from Oct 15: What happens to insurance, SIP payments? Will Netflix, phone bills via AutoPay get costlier?

AI Summary

·UPI will implement a 0.4% fee on merchant transactions exceeding ₹2,000 starting October 15.
·Person-to-person UPI transfers will continue to be free of charge.
·UPI AutoPay subscriptions will not be subject to additional fees.