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About the video - The National Payments Corporation of India (NPCI) has issued a circular stating that merchants conducting transactions on the Unified Payments Interface (UPI) using Prepaid Payment Instruments (PPI) will be charged an interchange fee of 1.1% on the transaction amount for amounts over Rs 2,000. For merchant categories under industry programs, the interchange fee is different. In addition, a wallet-loading service charge of approximately 15 basis points will be paid by the PPI issuer to the remitter bank, but no interchange fee will be applied to peer-to-peer (P2P) and peer-to-peer-merchant (P2PM) transactions between bank accounts and PPI wallets. "Interchange at the rate of 1.1 per cent of the transaction value/amount (using prepaid payment instruments, or PPI) shall apply to payments made to all online merchants, large merchants and small offline merchants having transaction value/ amount greater than Rs 2,000," NPCI said in a recent circular. In the above video I have given detailed information about the NPCI's move and UPI charges applicable from 1st April'2023. Topics covered in the video : What are the UPI Charges for Budget 2023 ? Is UPI transactions chargeable from 1st April'2023 ? What is the new rule on UPI transaction ? UPI transaction charges 2023 New rule for Gpay, phonepe , Paytm UPI transactions to charge few from 1st April'2023 UPI rules 2023 #upi #upicharges #gpay #upinewrules #paytm #phonepe Hope my video will be helpful to all. Thanks for watching. About - Hi Dosto Biraj ki Baatein is a Youtube channel where u get information about day to day usage Banking Products, information about other Financial Products like Mutual Funds, shares & stocks, insurance and some discussions on current affairs , reviews of recently released movies & some entertainment stuffs in our own language Hindi. So plz subscribe my channel and press the bell icon to get my new videos notification on time. Thanks for watching. Follow me : @instagram:- / birajkibaatein @twitter :- / birajkibaatein DISCLAMER : This channel DOES NOT promote or encourage Any illegal activities, all contents provided by this Channel is for EDUCATION purpose only.