PhonePe Wallet Inactive? ₹400/Year Fee Hits You
PhonePe will now charge ₹100 every three months if your wallet sits unused for over a year. That adds up to ₹400 annually. One simple transaction every few months is all it takes to avoid this fee entirely.
₹400 buys you 40 cups of cutting chai — gone just for ignoring an app
Your idle PhonePe wallet could silently drain this much every year
Key Takeaways
Check your PhonePe wallet right now — if you haven't used it in months, make one small payment (even ₹1 to a contact) to reset the inactivity clock.
Withdraw any remaining wallet balance to your linked bank account if you don't plan to use the wallet regularly — this protects your money from being eroded by fees.
Review all your other digital wallets (Paytm, Amazon Pay, MobiKwik) for similar inactivity policies and either use them or withdraw balances before fees apply.
PhonePe will now charge ₹100 every three months if your wallet sits unused for over a year. That adds up to ₹400 annually. One simple transaction every few months is all it takes to avoid this fee entirely.
Here's what happened: PhonePe has introduced a ₹100 quarterly inactivity fee on wallets that have had zero transactions for 365 consecutive days.. The fee applies specifically to the PhonePe wallet balance — not your linked bank account or UPI payments made directly from a bank.. Users can avoid the charge by making at least one wallet transaction — even a small one — before the 365-day inactivity window closes..
What you should do: Check your PhonePe wallet right now — if you haven't used it in months, make one small payment (even ₹1 to a contact) to reset the inactivity clock.. Withdraw any remaining wallet balance to your linked bank account if you don't plan to use the wallet regularly — this protects your money from being eroded by fees.. Review all your other digital wallets (Paytm, Amazon Pay, MobiKwik) for similar inactivity policies and either use them or withdraw balances before fees apply..
Under RBI's Prepaid Payment Instrument rules, wallet providers must notify you before deducting inactivity fees — check your registered email and SMS for any such alerts before the deduction hits.
Check Your Wallet Now
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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.