UPI Payment: You can keep up to a maximum of Rs 2,000 in UPI Lite. In this, you can make real-time payment up to Rs 200 without UPI PIN.
Nowadays it has become very easy to do transactions through UPI Payment. Digital payment systems like Unified Payments Interface (UPI) have brought about a sea change in the way transactions are done. Nowadays, most people choose the option of UPI payment instead of cash payment. We find UPI payment easy because in just a few seconds we can transfer money directly to a merchant’s or any other person’s bank account by scanning a QR code or through a UPI number. Along with this, we do not even feel the need to keep cash.
The growing trend of UPI payments has eliminated the need to use cash in most cases. You can buy small and big things and pay for them in a second.
UPI Lite service will be able to make offline UPI payment
Many times it must have happened to you that you would need to do a transaction through UPI and at that time you would not be able to send money online due to lack of internet. But do you know that you can make UPI payment even without internet. Yes, offline UPI payment can be done through UPI Lite service. UPI Lite provides you partially offline payment service. So let’s know about it….
Digital payment will be easy through pre-loaded money in wallet
UPI Lite service works on BHIM UPI app. It was launched by the National Payments Corporation of India (NPCI) in the year 2016 to make digital payments easier. You must first add money from your bank account to the app’s wallet. Then using UPI Lite, you can make the payment using the money pre-loaded in your wallet. You can follow these steps to access UPI Lite.
- Most of all install BHIM app on your smartphone.
- Sign in and add your bank account for UPI transactions.
- After this, on scrolling down, you will see a UPI Lite banner, tap on it.
- After this go to the ‘Enable Now’ option.
- Here now you have to enter the bank account and the amount you want to send to the app.
- After this enable UPI Lite.
- After this enter your UPI PIN.
- After this, as soon as the money is transferred, your UPI Lite e-wallet will be activated.
Real-time payment up to Rs 200 without UPI PIN
You can keep a maximum of Rs 2,000 in your UPI Lite Wallet. At the same time, you can make real-time payment up to Rs 200 without UPI PIN. In this, you will not need to enter UPI PIN again and again.
These banks are providing UPI Lite facility
At present, there are eight such banks, which are providing the facility of UPI Lite. The list of these banks includes State Bank of India, Punjab National Bank, HDFC Bank, Union Bank of India, Kotak Mahindra Bank, Utkarsh Small Finance Bank and Indian Bank.
