ICICI Bank to Levy UPI Transaction Fees on Payment Aggregators from August 1

Banking & Finance
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ICICI Bank announces new UPI transaction charges for Payment Aggregators (PAs) effective August 1.

ICICI Bank UPI Charges
ICICI Bank UPI Charges167×200 4.71 KB

The new fee structure is as follows:

  • For PAs with an ICICI Bank escrow account: 2 basis points per transaction, capped at ₹6.
  • For PAs without an ICICI Bank escrow account: 4 basis points per transaction, capped at ₹10.

These charges will impact various payment processing services utilizing UPI across platforms.