PhonePe: Wallet Inactivity Fees Won't Touch Linked Bank Accounts or UPI
PhonePe clarified that newly introduced inactivity fees apply only to its prepaid Wallet instrument, not user bank accounts or UPI transactions. Users receive 15-day notice before any deduction, wallets will not go negative, and cashback held in a separate gift card balance is unaffected.
PhonePe clarified that inactivity fees on dormant wallets apply only to PhonePe Wallet (a prepaid instrument), not linked bank accounts or UPI transactions. Users get 15-day notice before deduction; wallets won't go negative. Cashback sits in separate gift card balance.