PhonePe explains wallet inactivity fees, clarifying that charges apply only to dormant wallets and do not affect UPI payments or linked bank accounts.

PhonePe is now charging a Rs 100 quarterly fee for inactive wallets. This fee applies if users have not made any financial transactions through the PhonePe Wallet in the past 365…

PhonePe will charge a ₹100 quarterly fee on dormant wallet accounts inactive for over a year, impacting balances above ₹1.