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Launch Date
The auto top-up feature for UPI Lite will go live on October 31, 2024. -
How It Works
- Users can set a minimum balance limit for their UPI Lite account.
- When the balance falls below this limit, it will automatically be reloaded by an amount chosen by the user, not exceeding the ₹2000 balance limit.
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Benefits of UPI Lite
- Enables PIN-less transactions for amounts under ₹500.
- UPI Lite simplifies transactions by automating fund reloading, making the process more convenient for users.
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Key Guidelines
- Banks and PSP/Apps must support auto top-up functionality and allow debit transactions as per user mandates.
- UPI apps need to provide an interface for users to set up and manage auto top-up.
- The system allows up to 5 auto-replenishments per day per account.
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User Control & Security
- Users can revoke the auto top-up mandate anytime through their app.
- UPI Lite balances reside with the user’s bank, and funds can be instantly refunded to the main account if UPI Lite is deleted.
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Notifications & Operations
- Issuer banks must communicate all mandate-related operations clearly to users.
- All UPI Lite members must comply with NPCI’s latest guidelines on auto top-up.
Prepare for the seamless convenience of UPI Lite with its auto top-up feature, launching soon!