PhonePe to levy Rs 100 quarterly fee on wallets dormant for 365 days
PhonePe will deduct Rs 100 per quarter from wallet balances unused for 365 days, after a 15-day warning. UPI and non-wallet transactions won't count toward reactivation, pressuring users to actively transact via the wallet or risk balance erosion.
PhonePe will charge Rs 100 quarterly inactivity fee on wallets unused for 365 days, deducted from balance after a 15-day warning. UPI and non-wallet transactions don't count as wallet activity for reactivation purposes.