Question

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 1

Answer:

C. ₹1000

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.