PhonePe: If you use phone then this news is important for you. It is being claimed in social media and many reports that if the wallet is not used on the phone for a long time, then inactivity fees can be charged from the users. After this, questions have started rising in the minds of many people whether money will be deducted from the bank account also? Let us understand the whole matter in simple language.

What is the whole matter?

Actually, an inactivity fee related to phone pay wallet is in discussion. This means that if a user does not use his wallet for a long time, some charges may be imposed on that wallet balance. However, this rule applies only to wallets and not directly to bank accounts.

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Will money be deducted from bank account?

The most important thing is that if there is no balance in the wallet on your phone, then money will not be deducted from your bank account just because the wallet is activated. That means your linked bank account is absolutely safe. Inactivity fee is applicable only on the balance in the wallet, that is, if a user has not used the wallet for a long time and the balance remains in it, then only the fee can be applied.

What is the difference between wallet and bank account?

Many people consider Phone Pe app and Phone Pe wallet to be the same thing, whereas both are different. For example, understand that UPI payment is done directly from the bank account and money has to be added to the wallet in advance. If you only use UPI and do not keep money in the wallet, then there is no need to worry.

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What do you have to do?

• Keep checking wallet balance
• Keep wallet empty if not needed
• Keep watching the official notification
• Don’t trust rumors immediately

Does this happen in other apps also?

Some digital wallet companies levy maintenance or inactivity charges on wallets that remain inactive for a long period of time. However, the rules of every company are different. So now you understand that if you are a phone user then there is no need to worry. Money will not be deducted from your bank account just for not using the wallet. But keep checking your wallet and app updates from time to time.