PhonePe to now charge users who keep their wallets inactive
Bhawana Chaudhary, Published on Jun 20th, 2026

PhonePe will now charge its users who keep their wallets inactive for a year. Users who don't make any financial transactions through the PhonePe Wallet for 365 consecutive days will be charged a 'Wallet Inactivity Maintenance Fee' of ₹100/quarter. The digital payments company has clarified that merely logging into the app or making UPI transactions won't count as wallet activity.
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