Reserve Bank of India made a big announcement, now you will not have to put money in UPI Lite wallet

The Reserve Bank of India (RBI) has given a big gift to crores of UPI Lite users across the country. UPI Lite users will no longer need to replenish their wallets. According to the RBI, when the money in the wallet runs out, the bank will make an automatic transaction to replenish the wallet. The RBI has introduced a new feature to encourage people to use UPI Lite. Currently, when the wallet runs out of money, it must be replenished.

According to RBI, as soon as the money runs out from the UPI Lite wallet, money will be deducted from your UPI account and deposited in the wallet. In such a situation, users will get freedom from the hassle of putting money in the wallet again and again, although you will have full control over it.

After the new update, you will have to make a setting in which you will have to decide when the money should automatically come into the wallet. You will have to decide on a minimum amount. As soon as the wallet amount reaches the minimum amount set by you, a transaction will happen from the bank and the money will come in the wallet.

For your information, let us tell you that UPI Lite users can do a transaction of up to Rs 2,000 in a day. Under UPI Lite, a maximum payment of Rs 500 can be made at a time. UPI Lite has been specially designed for small payments.