UPI Lite: In India, the facility of cashless payment is being adopted so much that everyone is taking UPI payment, whether it is a shopping mall or a grocery store or a street vendor. UPI payment is being used almost everywhere. The reason for this is also that UPI is the easiest payment mode. The payment is done instantly as soon as you enter the PIN. In this sequence, the government has now made the UPI payment service more easy by introducing the UPI Lite service. The government has introduced the UPI Lite service for the users. In this, users are getting the facility to pay up to Rs 200 without using UPI PIN. Let us tell you about UPI Lite in all the details…
What is UPI Lite?
It works like UPI, but UPI Lite is faster and easier to use than UPI. Actually UPI Lite is a kind of on-device wallet, to use which you have to put money from your bank account in the wallet of the app. Then you will be able to make payment. Being an on-device wallet, you do not even need internet for real time payments. Also, there is no need to enter a PIN. In this, transactions can be done in offline mode.
200 and 2000 is its limit
Let us tell you that it can make only small payments, its limit has been kept only 200 rupees, which means that you can transfer maximum amount up to 200 at a time. You can keep a maximum balance of up to Rs 2 thousand in this on-device wallet, after that you will have to add the balance again from your bank account. There is no limit on the number of balance additions, you can add balance to this wallet as many times as you want in a day. Although you will need internet to add balance to the wallet, but after that you will be able to make payments even while offline.
How to add balance to your UPI Lite wallet
You will need internet to add balance in your UPI lite wallet. Once the balance is added through online mode, you can start making offline payments. Apart from this, you can also add balance using UPI OTP. Overall, now users will be able to make fast and easy payments through UPI Lite even without internet.
who can use
UPI Lite has been enabled and many banks have also been included in it. At present, the UPI Lite feature can only be used by those people who use the BHIM BHIM app. Initially, a total of eight banks are supporting the UPI Lite feature, including State Bank of India, Union Bank of India, HDFC Bank, Indian Bank. Bank), Canara Bank, Punjab National Bank, Kotak Mahindra Bank and Utkarsh Small Finance Bank.