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The rules for making payments through UPI for Google Pay, PhonePe, Paytm users are going to change from November 1. Users will now get a higher limit than before in making payments without PIN or password. Along with this, auto-pay balance facility will also be available.

There is big news for those who make UPI payments through Google Pay, PhonePe, Paytm. NPCI is going to make two important changes in UPI Lite from November 1, 2024, which will benefit the users. From November 1, users will now be able to make more payments through UPI Lite than before. RBI has increased the transaction limit of UPI Lite. At the same time, when the balance of UPI Lite falls below a certain limit, the user's account will be automatically auto-topped. With this, payment can be made through UPI Lite without any interruption.

What is UPI Lite?

All UPI payment platforms including Google Pay, PhonePe, Paytm offer UPI Lite feature. UPI Lite is a digital wallet that gives the freedom to make small transactions without PIN or password. To fill money in UPI Lite wallet, users have to top-up manually. After the new rules come into effect from November 1, the wallet of the users will be topped up automatically.

The National Payment Corporation of India (NPCI) has launched the UPI Lite feature some time back. Users get a limit of up to Rs 2,000 to top up in this wallet. Through UPI Lite, users can make small payments without PIN. NPCI issued a notification on 27 August 2024 announcing the auto-pay balance feature for UPI Lite.

Auto-pay balance service

To activate the auto-pay balance service in UPI Lite, users will have to enable it by 31 October 2024. Users will have to set a minimum limit in the account linked to the UPI Lite wallet. As soon as the wallet has the minimum amount, the wallet will be automatically topped up from the user's account. NPCI has set a maximum limit of Rs 2,000 for UPI Lite. Also, users will not be able to do more than 5 top-ups in a day in their UPI Lite wallet. If a user has not opted for the auto-pay balance facility, then he will be able to top up his UPI Lite wallet manually.