Inactive PhonePe Wallet? ₹400/Year Fee Hits You
PhonePe will charge ₹100 every quarter if you haven't used your wallet for 365 days in a row. That's ₹400 a year quietly deducted from your balance — unless you act now.
₹400 buys roughly 44 cups of cutting chai — lost just for not tapping 'Pay'
Your idle PhonePe wallet could silently drain this much annually
Key Takeaways
Check your PhonePe Wallet balance right now — open the app, tap the Wallet section, and see if you have any unused balance sitting idle.
Transfer your wallet balance back to your linked bank account immediately; PhonePe allows free wallet-to-bank transfers, so don't leave money stranded.
Make at least one small wallet transaction — even a ₹10 mobile recharge — every few months to reset the inactivity clock and avoid the fee.
PhonePe will charge ₹100 every quarter if you haven't used your wallet for 365 days in a row. That's ₹400 a year quietly deducted from your balance — unless you act now.
Here's what happened: PhonePe is introducing a ₹100 quarterly 'Wallet Inactivity Maintenance Fee' (GST included) on wallets with zero transactions for 365 consecutive days.. The fee will be deducted directly from your wallet balance, meaning money you loaded and forgot about will slowly disappear each quarter.. This affects users who switched to UPI payments via bank account but left money sitting in their PhonePe Wallet without withdrawing it..
What you should do: Check your PhonePe Wallet balance right now — open the app, tap the Wallet section, and see if you have any unused balance sitting idle.. Transfer your wallet balance back to your linked bank account immediately; PhonePe allows free wallet-to-bank transfers, so don't leave money stranded.. Make at least one small wallet transaction — even a ₹10 mobile recharge — every few months to reset the inactivity clock and avoid the fee..
RBI mandates that wallet providers must notify users before deducting inactivity fees — check your registered email and SMS for any such notices and act before the first deduction hits.
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- [1]“PhonePe to charge ₹100 quarterly fee on inactive wallets: Here's how to avoid it” Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance News · 19 Jun 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.