Challenger Logo

Challenger App

Get it on Google PlayGet it on App Store
Challenger App

No.1 PSC Learning App

★
★
★
★
★
1M+ Downloads
Get App
What is the maximum transaction value for UPI LITE to process payments without real-time bank interaction?

A₹200

B₹500

C₹1000

D₹2000

Answer:

C. ₹1000

Read Explanation:

UPI LITE is a feature that allows users to pre-load a small amount of money into an "on-device" wallet for quick, low-value transactions. This helps reduce the load on the banking system and allows for faster payments, often without needing a UPI PIN. The maximum amount for a single transaction has been increased to ₹1,000.

Related Questions:

Beyond economic benefits, what other aspect does India Handmade aim to foster among artisans?

Consider the following statements about state-level e-governance initiatives. Which statements are correct?

  1. e-District aims to provide various citizen-centric services at the district level.
  2. Land Records (NLRMP) project focuses on modernizing and digitizing land records for transparency.
  3. Commercial Taxes projects are implemented at the central level, not by states.
  4. e-Panchayat is a project aimed at improving urban governance, not village councils.
    What is the overarching goal of e-Governance?
    What approach is suggested for government agencies to implement e-governance projects successfully across different locations?
    Which of the following are integrated into MeriPehchaan?