NPCI announces increased limit, auto recharge facility for UPI Lite

UPI Lite users can w make higher-value payments and set up an automatic top-up feature starting vember 1. National Payments Corporation of India (NPCI) has introduced an increased wallet limit and an automatic recharge option for UPI Lite service, designed to streamline low-value digital payments through supported apps like GPay, PhonePe, Paytm, and BHIM. NPCI also anunced that it recorded 16.58 billion UPI transactions worth Rs 23.5 trillion in October, registering a 10 per cent growth in volume and a 14 per cent rise in value compared to September.

Upgraded Wallet Limit

Users of UPI Lite wallet can w store up to Rs 5,000, an increase from previous limit of Rs 2,000. All apps that support UPI Lite can w be recharged up to this new limit. However, daily transaction limit remains Rs 4,000. Additionally, NPCI has raised limit for PIN-less transactions from Rs 500 to Rs 1,000, which means users can pay up to Rs 1,000 without needing to enter PIN each time.

New Auto Top-Up Facility

Users can w configure ir UPI Lite wallets to automatically recharge when balance falls below a specified threshold. This function works similarly to automatic top-up features found in or digital wallets. Users can choose ir preferred top-up amount, but it cant exceed Rs 5,000. re is also a limit of five automatic top-ups per day; for any additional refills, users must recharge manually.

"se updates will enable quick, PIN-less payments for transactions under Rs 500," stated NPCI when anuncing automatic top-up feature back in August.

Key Takeaways

- UPI Lite users can w store up to Rs 5,000 in ir wallets.
- y can make payments of up to Rs 1,000 without entering UPI PIN.
- UPI Lite wallet w includes an automatic recharge feature.
- A maximum of five auto top-ups are allowed each day, with a limit of Rs 5,000 per top-up.