You can soon withdraw UPI Lite funds and transfer them to your bank account

The National Payments Corporation of India (NPCI) has asked issuer banks, payment service provider (PSP) banks, and platforms offering UPI Lite to enable and activate the so-called transfer out feature by March 31.

UPI Lite works one-way, meaning it allows users to add funds to their wallets but not withdraw them. To access their balance, users must disable their UPI Lite account. As stated on NPCI’s website, “Upon clicking the disable button on UPI Lite, the balance funds available with the bank in the Lite account shall be released to the customer’s account.”