RBI increases UPI Lite per transaction limit to Rs 1000, up from Rs 500
«For UPI Lite, the enhanced limits shall be Rs 1,000 per transaction with Rs 5,000 being the total limit. Replenishment of used limit shall be allowed only in online mode with AFA,» said the central bank in a statement.
UPI Lite is a wallet that allows users to make small-value transactions without using a UPI PIN. Currently, UPI Lite users have to manually reload their wallet balance from their bank account to continue making payments. However, with the new auto-top-up feature, the National Payments Corporation of India (NPCI) aims to streamline this process, eliminating the need for manual reloading.
In a press release dated August 27, 2024, NPCI said, «With this new feature, the UPI Lite balance will automatically be reloaded by an amount chosen by the user, not exceeding UPI Lite balance limit, whenever the balance falls below a minimum limit set by them.»
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