PhonePe is a popular mobile payment app that allows users to transfer money, pay bills, recharge, and much more. It is one of the most popular UPI-based payment apps in India. Recently PhonePe has added a new feature called UPI Lite. To use UPI Lite, you need to activate it first.
After the Paytm app, PhonePe added it to its platform. To find it, you’ll need to tap on your profile picture at the top of the screen. After that, you will see the new feature of PhonePe “UPI Lite“.
If you are a new user of Phonepe, then you need to download it from the Google Play store. And complete basic steps as with other apps. Select your registered mobile number which is linked to your bank account.
You have to add your bank account and create a UPI PIN for transactions. But, to use UPI Lite you don’t need to enter your UPI pin. You can complete a low-value transaction without entering a UPI pin up to Rs 200/-. In this tutorial, we will show you what are the benefits of UPI Lite and how you can activate and use PhonePe UPI Lite
UPI Lite Benefits in PhonePe
PhonePe UPI Lite feature allows users to instant fund transfers of up to Rs 200/- without entering a UPI PIN. The maximum limit that you can add to PhonePe UPI Lite is Rs 2000/-. To add the amount, you have to link your bank account.
Once added, then you can use it to pay bills and others up to Rs 200.00. Here, you don’t have to pay any charges for transactions, it’s free. It is very fast as its don’t need to get permission from the bank for the transactions.
- Super fast payment experience
- No Transaction Fee
- No Failure
- Single Click Payment
- Accepted Everywhere Like UPI
UPI Lite Terms
All your accounts linked to your UPI ID may not be eligible for UPI Lite. You can enable UPI Lite for only one account in the PhonePe App. The upper limit for UPI LITE transactions will be Rs. 200/- and the total limit of UPI LITE balance is Rs. 2000/- at any point in time.
How to Use UPI Lite in Phonepe?
To use PhonePe UPI Lite, you need to download the PhonePe app. You can download the app from Google Play Store or Apple App Store.
Once the app is downloaded, open it and select your registered mobile number. It will auto-verify your mobile number through OTP. And follow the on-screen instructions.
Next, add your bank account and create a UPI PIN. PhonePe supports multiple banks, so select the bank where you have your account and it will be linked to PhonePe.
Step 1: Tap on the Profile Image at the top of the screen. You will find the UPI Lite feature on the next screen.
Step 2: Now, you have to add money to use UPI Lite. Select the ADD MONEY option.
Step 3: Enter the minimum of Rs 200/- or more up to Rs 2000/-. Tap on Add Money.
Step 4: On the next screen, enter your UPI PIN to add money to UPI Lite. It will show you the credited amount in the UPI Lite feature.
Step 4: Now, you are ready to use the UPI Lite feature in the PhonePe app. By default, it will be selected during the low amount of transactions. You don’t need to enter your UPI PIN, enter the amount and pay.
Note: But, it will select your bank account for large amount transactions. You can pay through a QR Code, Phone Number, Bank Account and others.
How to Close UPI Lite in PhonePe?
To close the UPI Lite in PhonePe follow the below steps:
- Tap on the Profile Image on your PhonePe App.
- Tap UPI Lite under the payment method sections.
- Tap the three dots on the top right corner of your screen and select Close UPI Lite.
Note: If you have any UPI Lite balance, it will be refunded to your UPI Lite linked bank account.
A; To check the UPI Lite balance tap the Check balance option on your PhonePe App home screen. You will find the UPI Lite option under the Pre-Paid balance. Tap the UPI lite to check the balance.
A: The maximum transaction limit of UPI Lite is Rs 200/- per transaction.
A: You can add a maximum of Rs 2000/- in UPI Lite.
A: To change your bank account, you need to close UPI Lite and activate it again with another bank account.