PhonePe ringfences wallet inactivity fee: UPI and bank-linked payments stay untouched
PhonePe clarified its inactivity charge applies only to dormant prepaid wallet balances, sparing UPI flows and linked bank accounts. Users receive a 15-day notice window before any deduction, while cashback parked in a separate gift-card balance also sits outside the fee perimeter.
PhonePe clarified that wallet inactivity fees apply only to dormant prepaid wallet balances, not to linked bank accounts or UPI transactions. Users get 15-day notice before deductions; cashback sits in a separate gift-card balance.