Your monthly SIP or insurance auto-debit could get a little pricier — nothing dramatic, but worth knowing.
From October 15, UPI payments above ₹2,000 made to certain merchants will carry a small merchant fee, which some apps or mutual fund companies (AMCs) may choose to pass on to you.
Even a 0.3–1% fee on a ₹10,000 SIP is just ₹30–100 a month, but it adds up over a year.
What this means for you
- If your SIP or premium auto-debit is UPI-based, check with your fund house or insurer this week — some may absorb the fee, others may not.
- Loan EMIs and regular bank auto-debits (a system called NACH) aren't affected — this is only about UPI-linked payments.
- Your FD returns and existing investments stay exactly the same — this is purely a payment-method issue.
What you can do
- Open your broker or investment app and confirm whether your auto-pay uses UPI Autopay or NACH — switch to NACH if a fee shows up.
- If unsure, a quick message to your fund house's support chat will confirm it in minutes.
This is a small housekeeping check, not a reason to pause your SIP.
Grow with clarity 🌱