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UPI rules have changed, keep these things in mind before making payments of more than 2 thousand rupees

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UPI payment rules have been changed. NPCI has increased the transaction limit of UPI Lite and introduced auto-pay balance service. This change will give Google Pay, PhonePe, and Paytm users the benefit of a maximum transaction limit of Rs 2000.

If you use UPI payment then this is an important news for you. Recently, there has been a change in the rules regarding UPI. Some rules of UPI payment have changed from November 1. NPCI has changed 2 popular rules of UPI Lite. With the help of this, users using Google Pay, Phone Pay, and Paytm are going to get a lot of benefits. With its help, users will be able to make more payments with the help of UPI Lite.

If reports are to be believed, RBI has increased the transaction limit of UPI Lite. If the balance is less than the fixed limit, it will be automatically topped up. By doing this, payment can be made through UPI Lite. Today we are also going to give you information about other services related to it.

Auto-Pay Balance Service: What is it and how does it work?
  • To use the auto-pay balance service in UPI Lite, they have to activate it. Once activated, the work will become very easy.
  • Here you are also given the option to set the minimum limit and it can be connected to the UPI Lite wallet.
  • Once the balance gets low, it will be topped up automatically. It will be topped up from the user's account.
  • The maximum limit for UPI Lite has been set to Rs 2,000. Users cannot top up the UPI Lite Wallet more than 5 times a day.
  • Once the Auto-Pay Balance facility is selected, users cannot top-up the UPI Lite Wallet themselves.
UPI Payment-

If you make a normal UPI payment, it will continue as it is. There is no change in it. You can still make payments directly using the bank account. In such a situation, this also proves to be a very good option for you.

PC:Navbharattimes

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