Tech
UPI Lite users can soon transfer funds back to their bank accounts
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Users of Unified Payments Interface (UPI) Lite will soon be able to withdraw their balance without disabling the service. The National Payments Corporation of India (NPCI), in a recent circular, directed issuer banks, payment service provider (PSP) banks, and UPI Lite-enabled apps to activate the ‘transfer out’ functionality by March 31, 2025.
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