The National Payments Corporation of India (NPCI) on February 21, 2025, issued the notification regarding the Addendum to Introduce of UPI LITE
The following has been stated namely: -
• All Issuer Banks, PSP Banks, and UPI Apps live on UPI LITE are required to implement the following:
o All members shall implement 'Transfer Out' functionality. It allows users to withdraw funds from their UPI LITE balance to the source bank account from which it was loaded, without disabling UPI LITE. Purpose Code 46 shall be used to identify 'Transfer Out' transactions.
o All the Issuer Banks live on UPI LITE shall maintain LRN (Lite Reference Number) level balances and ensure that reconciliation is carried out on daily basis with NPCI data so that LRN balances are reconciled in sync with NPCI data on an ongoing basis.
o UPI App with active UPI LITE shall have App passcode, biometrics or pattern-based lock at the time of App login.
• Members to make the necessary changes by March 31, 2025.
[Notification No. NPCI/UPI/OC No. 138 B/2024-25]
