New Delhi, Sept. 15 -- In a major policy announcement aimed at safeguarding everyday digital transactions, the government has clarified that all Person-to-Person (P2P) UPI transfers will remain entirely free of charges, without any restrictions on payment amounts, according to the Ministry of Finance press release.

Under a newly structured framework introduced under the Payment and Settlement Systems Act, 2007, approximately 96% of Person-to-Merchant (P2M) transactions will also stay free, ensuring that individuals, small vendors, and micro-enterprises face zero payment friction.

Good news for users, as your daily UPI habits won't cost you anything extra. Sending money to friends and family? It stays 100% free. All person-to-person (P2P...