PhonePe to now charge users who keep their wallets inactive

Bhawana Chaudhary, Published on Jun 20th, 2026

PhonePe to now charge users who keep their wallets inactive

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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