UPI Lite: Now you will not have to put money in UPI Lite wallet
UPI Lite: bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india made a big announcement, now you will not have to put money in UPI Lite wallet
According to RBI, as soon as the money runs out from the UPI Lite wallet, the money will be deducted from your UPI account and deposited in the wallet. In such a situation, users will get freedom from the hassle of putting money in the wallet again and again
Reserve bank of india (RBI) has given a big gift to crores of UPI Lite users in the country. UPI Lite users will no longer have to top up their wallets. According to RBI, after the money in the wallet runs out, there will be an automatic transaction from the bank and money will come into the wallet. RBI has introduced a new feature to encourage people to use and use UPI Lite. Currently, when the wallet runs out of money, money has to be put in the wallet again.
After the new update, you will have to do a setting in which you will have to decide when the money should automatically come into the wallet. You will have to decide on a minimum amount. As soon as the wallet amount reaches the minimum amount set by you, a transaction will happen from the bank and the money will come in the wallet. For your information, let us tell you that UPI Lite users can do a transaction of up to Rs 2,000 in a day. A maximum payment of Rs 500 can be made at a time under UPI Lite. UPI Lite has been specially designed for small payments.