UPI P2P Charges: Person-to-Person Transfers
Person-to-person UPI transfers carry no UPI charge under the current framework, irrespective of amount. Bank and app transaction limits still apply.
UPI charges 2026 →What counts as P2P
- Sending money to another individual's UPI ID or bank account.
- Transfers between your own accounts — see own-account transfers.
- Collect requests between individuals.
Paying an individual who is acting as a business — for example a shop using a personal handle — is commercially a merchant payment even if it looks like P2P. Treatment then follows the merchant classification applied by the acquiring bank. See P2M charges.
P2P treatment under the UPI framework
✓ Official source — NPCI UPI circulars · View · Verified 13 October 2026
Things that can still cost you
| Item | Charged by | Note |
|---|---|---|
| UPI charge on the transfer | — | None under the current framework |
| Account service fees | Your bank | Depends on your account terms |
| Cardless ATM withdrawal fees | Bank / ATM network | Free-limit rules apply |
| International UPI usage | Bank / network | Forex and bank charges may apply |
Tax side of P2P
Free does not mean tax-irrelevant. A P2P receipt can still be a gift, a loan, income or a reimbursement — see money received through UPI.
Sources and verification
Facts on this page are checked against official sources — NPCI, RBI, the Income Tax Department, the Ministry of Finance, PIB and the GST portal. See the full list on the official sources page, the fact-checking process, or report an issue through corrections. Last verified: 13 October 2026.
Related pages
This page is educational information, not professional tax, legal or financial advice. Rules can change — verify against the latest official notification or consult a qualified professional before acting.