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UPI Lite transaction limit increased to ₹1,000 without PIN entry.
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Auto top-up feature introduced for seamless payments.
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Maximum wallet balance raised to ₹5,000.
The National Payments Corporation of India (NPCI) has introduced significant upgrades to UPI Lite, effective November 1. These changes aim to enhance user experience for small transactions.
Key updates include:
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Increased transaction limit: Users can now conduct transactions up to ₹1,000 without entering a PIN, doubling the previous limit.
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Auto top-up feature: Users can set up automatic fund transfers from their bank account to their UPI Lite wallet when the balance falls below a chosen threshold.
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Higher wallet balance: Maximum wallet balance increased from ₹2,000 to ₹5,000.
These updates make UPI Lite more practical for daily expenses like groceries and public transport. With 16.58 billion transactions worth ₹23.5 trillion in October 2024, UPI continues to grow rapidly. The NPCI’s enhancements will further boost digital payments, making them more convenient and hassle-free.
