1.1% tax will be levied on UPI transactions over Rs 2,000 starting 1 April, 2025

Original review summary

The review says the 1.1% charge applies only to merchant transactions above Rs 2,000 made using Prepaid Payment Instruments, not regular bank-to-bank UPI transfers. It reports that this charge took effect on 1 April, 2023, rather than applying to all UPI transactions from 1 April, 2025.[S1]