Here is a simplified version of the UPI Lite guide:
What is UPI Lite?
UPI Lite is a new payment feature in UPI apps that allows small, PIN-free payments up to Rs 500 per transaction. It acts like a wallet where you can load money and make quick payments.
Benefits:
– Better payment success rate
– Less load on banks
– Simpler passbook
– One-click payments under Rs 500
Things to Know:
– Link your bank account
– SMS needed for activation
– Transactions don’t show in bank statement
– Limit of Rs 500 per transaction
– Wallet limit of Rs 2000
– Daily limit of Rs 4000
How to Enable in Different Apps:
Google Pay:
– Tap “Activate UPI Lite” and accept terms
– Add money, select bank, enter UPI PIN
PayTm:
– Find UPI Lite icon and pick bank account
– Add money to wallet, confirm MPIN
BHIM:
– Tap “Enable UPI Lite” on home screen
– Add money, select bank, enter UPI PIN
PhonePe:
– Select UPI Lite, click “Add Money”
– Choose bank account, enter amount
– Tap “Add Money”, enter UPI PIN
How to make payments using UPI Lite
– Scan QR code or enter details
– Enter amount
– Pay without UPI PIN