At first it was to buy anything. So they had to pay cash for this. But UPI has arrived since 2016. Since then people have reduced keeping cash in pockets. Now buy almost anything. Or if you send money to someone, then people use UPI i.e. Unified Payment Interface for it. Talking about this year, a total of 15,547 crore UPI transactions have taken place from January to November. The UPI Lite has been launched in September 2022. Which was started by RBI to facilitate small transactions. What are all features of UPI Lite? Let us tell you about its transaction limit.
What is UPI light?
It acts like an online wallet. In this, you have to transfer money first. Which you can also do with the help of UPI. After this you can use UPI light for small transactions. Whether you are buying milk, fruits or any other small item. So at the same time you can use it very easily. most of it
You need internet to use UPI. But you do not need internet to use UPI Lite. Along with this, you need a UPI PIN to use UPI. But you do not even need to enter an upe pin to use UPI light. When UPI Lite was launched. Therefore, earlier its limit was only two thousand rupees. But now this limit has been increased to Rs 5000. That is, you can keep a balance of up to Rs 5000 in your UPI light wallet. Earlier you could have transacted it for just 100 rupees. But now its limit has been increased to Rs 500.