PhonePe to charge ₹100 quarterly on wallets inactive for a year

PhonePe will charge a ₹100 quarterly inactivity maintenance fee on wallets that remain unused for a year. The fee applies only to PhonePe Wallets, not UPI transactions linked to bank accounts. Users will receive advance notices and can avoid the charge by making a wallet transaction. The policy has sparked debate among users concerned about dormant account fees.