Q. How much time does it take for UPI Lite Top-up?
Ans. UPI- Lite Top-Up does not take time at all. It is a real-time process.
Q. I have changed my mobile device, will I be able to access my UPI Lite balance on my new device?
Ans. It is important to note that you need to disable UPI Lite account in your previous device in order to activate it in your new device. Your account will not be synced automatically in your new device. In a new device, you will have to register for this service again.
Q. Will I get my money back on disabling UPI Lite account?
Ans. Yes. Your money will be refunded back to your savings account after disabling your UPI Lite account.
Q. How will UPI LITE be effective for the banking ecosystem?
Ans. UPI Lite will ensure that there is less load on the banking system while doing small-value transactions. It will help banks in reducing traffic digitally because major transactions done these days are from UPI. This facility will assist banks in getting off the load of doing small-value transactions.
Q. Will my passbook display UPI Lite transactions?
Ans. No. Your passbook will not have UPI Lite transaction entries. However, you will receive an SMS from your bank upon doing such transactions. Only wallet top-up transaction details will be entered in the passbook.
Q. Will there be any charges for using this services?
Ans. No. The service will not attract any charges.
Q. Do I need to download BHIM app to avail this service?
Ans. You can avail this facility on most of the UPI apps. However, if you want to use this service on BHIM, you can download it by clicking here for android.
Q. Can I activate UPI Lite account again if I have deactivated it?
Ans. Yes, you can activate and deactivate this account any number of times depending upon your convenience.