Starting from November 1, UPI is bringing some exciting updates. The National Payments Corporation of India (NPCI) has rolled out an auto top-up feature and raised transaction limits for UPI Lite to simplify small-value digital payments.
Enhanced Transaction Limit
With the new guidelines, you can now make transactions up to Rs 1,000 without needing a PIN—double the previous limit of Rs 500. The wallet balance cap has increased from Rs 2,000 to Rs 5,000, although the daily transaction limit remains at Rs 4,000.
Auto Top-Up Explained
The auto top-up feature ensures your UPI Lite account is automatically refilled when the balance dips below a set threshold. You can personalize your top-up amount through your UPI app, with a maximum of five automatic recharges per day.
NPCI, which introduced this feature on August 27, 2024, stated, “This will support quick, PIN-less payments below Rs 500.”To activate auto top-up, set up a mandate via your UPI app, allowing automatic transfers from your bank account to your UPI Lite wallet. You maintain control with the option to cancel the mandate anytime.
A Smoother Experience
These updates aim to make UPI Lite more user-friendly for daily small-value transactions, ensuring convenience and security through controlled usage and transaction limits.
In October 2024, NPCI reported 16.58 billion UPI transactions worth Rs 23.5 trillion—a 10% increase in volume and a 14% rise in value compared to September, primarily due to festive season spending.
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