UPI Lite to Introduce Auto Top-Up and Higher Payment Limits from November 1

byPriyanka JuyalLast Updated: November 12, 2024

Synopsis

The new auto top-up feature and higher limits for UPI Lite will be available starting November 1, 2024.
Users can set a minimum balance for automatic reloading from their linked bank accounts when it falls below the threshold.
Up to five auto top-ups can be conducted each day, ensuring users maintain their balance.
The maximum transaction limit will rise from ₹500 to ₹1,000, allowing for larger purchases.
The wallet balance limit increases from ₹2,000 to ₹5,000, offering more flexibility.
Users can make small-value transactions without entering a UPI PIN for added convenience.

UPI Lite users are set to enjoy two important upgrades starting November 1, 2024, aimed at making small digital payments even simpler. The National Payments Corporation of India (NPCI) has announced an auto top-up feature for UPI Lite, which will automatically reload your wallet whenever your balance falls below a certain amount.

In addition, the Reserve Bank of India (RBI) has increased the UPI lite maximum transaction limit from ₹500 to ₹1,000 per transaction. The overall wallet balance limit will also rise from ₹2,000 to ₹5,000, providing users with greater flexibility and convenience.

What Is the Difference Between UPI Lite and UPI?

How Auto Top-Up Will Work

Users can set a minimum balance in their UPI Lite wallet with the new auto top-up feature. For example, if a user sets a minimum balance of ₹100, the wallet will automatically reload from their bank account whenever the balance drops below that amount. Users can choose the reload amount, but it cannot exceed the current limit of ₹2,000, and up to five top-ups are allowed per day.

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Key Dates to Remember

Banks and financial institutions that offer UPI Lite have been instructed to enable the auto top-up feature by October 31, 2024, so users can start using it by November 1, 2024.

These updates are expected to improve the UPI Lite experience, making it even more convenient for everyday digital transactions.

Priyanka Juyal

Priyanka Juyal- a Writer with a curious mind & vision to create the best out of words. Other times, see her playing the guitar, sketching or narrating folk tales!

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