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UPI Lite Works Offline And No Need To Require UPI Pin

UPI Lite: Reserve Bank of India (RBI) has launched UPI...

UPI Lite: Reserve Bank of India (RBI) has launched UPI Lite in India for low cost transactions. UPI Lite will work like UPI but is said to be faster and simpler. The special thing is that with UPI Lite, users can make payments without internet connection, allowing users to send money quickly even during downtime and peak hours.

No PIN, No Internet Required

Unlike UPI, this app directly accesses the bank account and sends or receives money. UPI Lite is an ‘on-device’ wallet. A wallet where users can add money and use them to send money to anyone instantly. One of the special features of UPI Lite is that it will work even without internet connection.

Because it is a wallet, users need to add funds to the wallet when they are online (with internet access), and then users can send money to anyone instantly, even when there is no internet. But note that the money will not be credited if the recipient is offline. He will get money when the internet connection is active. However, the NPC is planning to make UPI Lite completely offline.

Also, UPI Lite does not require UPI PIN, it will directly access and use your amount in your wallet. One thing to note here is that there is a limit to the amount of money you can add to your UPI Lite wallet. Because it works without internet, only up to Rs 2000 can be added to your wallet. Also, you can send a maximum of Rs 200 per transaction. However, you can do unlimited transactions in a day. UPI Lite is believed to be for low cost payments.

UPI Lite available on BHIM App

The UPI Lite feature is currently available on the BHIM app. As of now, there are eight banks that support the UPI Lite feature. These include State Bank of India, Union Bank of India, HDFC Bank, Indian Bank, Canara Bank, Punjab National Bank, Kotak Mahindra Bank and Utkarsh Small Finance Bank.

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