New Delhi, June 19 -- Digital payment and financial services company, PhonePe, has revised its wallet policy to introduce an inactivity maintenance fee for users who do not use their wallets for an extended period.

According to the updated guidelines on its website, if an user has not made any financial transactions through the PhonePe Wallet in the past one year or 365 consecutive days, their wallet will be classified as inactive and attract a Rs.100 (including GST) quarterly maintenance fee.

"This fee will be charged to support continuous platform updates, fixes, and improvements to make the user experience better," the company noted.

The company also clarified that simply logging into the application, performing UPI transactions, on...