UPI Lite is a simplified version of the Unified Payment Interface (UPI), which is an instant payment system developed by the National Payments Corporation of India (NPCI). UPI Lite is designed to make digital payments easier and more accessible for users who may not have smartphones or access to the internet.
In this article, we will provide a step-by-step guide on how to set up and use UPI Lite, as well as answer some frequently asked questions about this payment system.
How to set up UPI Lite
Step 1: Download the UPI Lite app
The UPI Lite app can be downloaded from the Google Play Store or Apple App Store, depending on your device. Once you have downloaded the app, open it and click on “Get Started.”
Step 2: Verify your mobile number
Enter your mobile number, which is linked to your bank account, and click on “Submit.” The app will send an SMS to your mobile number with a verification code. Enter the code in the app and click on “Submit.”
Step 3: Create a UPI ID
After verifying your mobile number, you will be prompted to create a UPI ID, which is a virtual payment address that is linked to your bank account. Choose a unique UPI ID and click on “Submit.”
Step 4: Select your bank and create a PIN
Select your bank from the list of available banks and click on “Submit.” You will then be prompted to create a 4 or 6-digit PIN, which you will use to authorize transactions on the app.
Step 5: Add your bank account
Once you have created a PIN, you can add your bank account to the UPI Lite app. Enter the last 6 digits of your debit card number and the expiry date to link your bank account to the app.
Step 6: Set up your profile
After adding your bank account, you can set up your profile by entering your name and creating a profile picture. You can also link your Aadhaar card and PAN card to your UPI Lite account.
How to use UPI Lite
Step 1: Make a payment
To make a payment using UPI Lite, open the app and enter the recipient’s UPI ID or mobile number. Enter the amount you wish to pay and click on “Send.” You will be prompted to enter your UPI PIN to authorize the transaction.
Step 2: Check your transaction history
You can check your transaction history on the UPI Lite app by clicking on “Transaction History.” This will show you a list of all the transactions you have made using the app, along with the date and time of each transaction.
Step 3: Send a payment request
If you need to request a payment from someone, you can use the “Payment Request” feature on the UPI Lite app. Enter the recipient’s UPI ID or mobile number, along with the amount you are requesting, and click on “Request.” The recipient will receive a notification on their UPI Lite app and can choose to accept or decline the request.
Step 4: Check your balance
You can check your account balance on the UPI Lite app by clicking on “Account Balance.” This will show you the current balance in your linked bank account.
Is UPI Lite secure?
Yes, UPI Lite is a secure payment system that uses encryption and two-factor authentication to protect your transactions.
Can I use UPI Lite without a bank account?
No, you need to have a bank account that is linked to your mobile number to use UPI Lite.
Can I use UPI Lite without an internet connection?
No, you need an internet connection to use UPI Lite.
Are there any transaction fees for using UPI Lite?
Some banks may charge a transaction fee for using UPI Lite, while others may offer it for free. Check with your bank to see if there are any fees associated with using UPI Lite.
Can I use UPI Lite for international transactions?
No, UPI Lite is designed for domestic transactions within India only.
What should I do if I forget my UPI PIN?
If you forget your UPI PIN, you can reset it by clicking on “Forgot PIN” in the UPI Lite app and following the prompts.
What happens if I enter the wrong UPI ID or mobile number while making a payment?
If you enter the wrong UPI ID or mobile number while making a payment, the transaction will not go through and the money will be refunded to your account.
How long does it take for a UPI Lite transaction to be processed?
UPI Lite transactions are processed instantly, so the recipient should receive the payment within a few seconds of the transaction being authorized.
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UPI Lite is a user-friendly payment system that offers a simple and convenient way to make digital payments. With the step-by-step guide provided in this article, you should be able to set up and use UPI Lite with ease. However, if you have any questions or concerns about using UPI Lite, be sure to consult your bank or the UPI Lite customer support team for assistance.