PhonePe Charges ₹100/Quarter: Is Your Wallet Safe?
PhonePe will now charge ₹100 every three months if your wallet sits unused for a year. That adds up to ₹400 annually. One simple transaction can save you from this fee — here's what to do.
₹400/year drained silently — that's 40 cups of chai you never ordered
Your idle PhonePe wallet could cost you this much silently
Key Takeaways
Check your PhonePe app now — if you use UPI but rarely tap the 'Wallet' section, your wallet may already be approaching inactivity.
Make one small wallet transaction — even a ₹1 transfer or a recharge — to reset the 365-day inactivity clock immediately.
Consider withdrawing your PhonePe wallet balance back to your bank account if you do not plan to use the wallet at all going forward.
PhonePe will now charge ₹100 every three months if your wallet sits unused for a year. That adds up to ₹400 annually. One simple transaction can save you from this fee — here's what to do.
Here's what happened: PhonePe is introducing a ₹100 quarterly inactivity fee on wallets that have had zero transactions for 365 days.. The fee applies to the PhonePe wallet balance — not UPI payments linked to your bank account directly.. Users can avoid the charge entirely by making at least one wallet transaction before the 365-day mark hits..
What you should do: Check your PhonePe app now — if you use UPI but rarely tap the 'Wallet' section, your wallet may already be approaching inactivity.. Make one small wallet transaction — even a ₹1 transfer or a recharge — to reset the 365-day inactivity clock immediately.. Consider withdrawing your PhonePe wallet balance back to your bank account if you do not plan to use the wallet at all going forward..
PPI (Prepaid Payment Instrument) wallets like PhonePe Wallet are regulated by RBI — by law, your wallet balance cannot expire, but issuers CAN charge inactivity fees if disclosed in their terms. Always read the fee schedule.
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- [1]“PhonePe to charge ₹100 quarterly fee on wallets inactive for a year: Here's how users can avoid it” mint - money · 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.