To enable UPI Lite feature, it is good to know about UPI. Unified Payments Interface is a digital payment system developed by NPCI (National Payments Corporation of India). The whole system facilitates easy and safe transactions between two people through their Smartphones. With UPI, you can send and receive money, pay utility bills, and pay purchases without needing cash or debit/credit cards. As it is designed with a simple user interface, UPI enables users to manage money more efficiently.
Among other services like PhonePe, and PayTM, the BHIM (Bharat Interface for Money) is a mobile application developed by the Government of India. The UPI Lite feature is first rolled out in BHIM app as its payment platform to carry out low-value transactions. Like every UPI app, the BHIM app provides an easy way for users to send/receive funds from one bank account to another. A registered user can easily link multiple bank accounts, check their bank balance, and pay utility bills. Of course, to use the BHIM app, you will need an active internet network on your Smartphone. This guide will look at how one can enable UPI Lite feature on the BHIM app.
What you learn
What is UPI Lite?
Unified Payments Interface (UPI) is a digital payment gateway developed by NPCI in 2016. This new technology allows customers to send money from one bank account to another without sharing sensitive information like their bank account numbers. It eliminated the need for users to enter One-Time Passwords (OTPs) every time they transact using their banking apps or websites.
UPI Lite is a lighter version of the original UPI. It specifically serves the purpose of making lower-value transactions less than Rs. 200. When a user enables UPI Lite on their BHIM app, it asks to deposit minimum money, which is capped at Rs 2000 at any point. This records as a single transaction in the bank statement, but using BHIM UPI Lite, you can make any number of smaller transactions with the deposited amount. Just scan the QR code at any merchant using the BHIM app and choose UPI lite to pay the billed amount.
Features of UPI Lite?
Here are the features that one can benefit from using BHIM UPI Lite.
- It doesn’t even require the internet to make the payment.
- By enabling UPI lite, one can make more than ten smaller transactions using UPI daily.
- No need to enter the UPI PIN for every payment.
- No more failed transactions.
- Possible to add money directly from your linked bank account.
- User can track transactions anytime from the BHIM app itself.
- In UPI Lite, users can maintain up to Rs. 2000 in their wallet.
- No hidden transactions for using BHIM UPI Lite.
How to Enable UPI Lite on BHIM App?
You must have a BHIM application to set up the UPI Lite feature. Depending on your device type, you can download the app from the Google Play store or Apple App Store. Once you get the Bharath UPI app, follow the steps mentioned below.
Step 1: Open the BHIM app and activate your account.
Step 2: Find the UPI Lite Banner on the home dashboard and tap on it.
Step 3: Read the instructions and tap on ‘Next’ on every screen.
Step 4: Agree on the ‘Terms and Conditions,’ then tap on ‘Enable Now’ to start using UPI Lite on the BHIM app.
Step 5: Enter the amount to deposit and choose the supported bank account. Enable UPI Lite by completing the transaction.
Step 6: You can check the UPI Lite balance anytime from the Bank Accounts section.
Note: When you disable your UPI Lite account, all the unused balances will be credited back to your bank account.
How to check UPI Lite Transaction History?
According to NPCI, the summary of transactions will be sent to the customer through an SMS by the end of the day. You can even check the UPI Lite transaction history directly on the app whenever needed. Based on the usage, one can top-up the wallet to avoid a low balance.
In conclusion, setting up & using UPI Lite on BHIM App helps make digital payments more effortless than ever, even with no internet connection. With its simple user interface & enhanced security features, it has become one of India’s most popular digital payments platforms.