Now UPI Lite Account Balance will auto refunded after 6 month | UPI Lite Limit increased

[Abhishek012]

Now UPI Lite Account Balance will auto refunded after 6 month | UPI Lite Limit increased:

2 new updated from UPI

a) Issuer banks live on UPI LITE shall identify all the UPI LITE accounts that have had zero transactions in the past six months. Any balances in these dormant LITE accounts shall be refunded to the source bank account. Issuer banks shall implement the changes by 30th June 2025.

b) UPI Lite and UPI LiteX limit increased



Source: https://www.npci.org.in/PDF/npci/up...ddendum-to-Enhancement-in-UPI-LITE-Limits.pdf

There are few other feature: https://www.npci.org.in/PDF/npci/up...4-25-Addendum-to-Introduction-of-UPI-LITE.pdf

 

[pyaracetamol]

Let's See when upi apps pushes the update. I was eagerly waiting for this since it was announced last year..
Do you have any info regarding upi circle when it will be launched for other upi apps as it's currently present only on bhim.