These UPI LITE X Terms and Conditions (“UPI LITE X Terms”) apply to and govern the UPI LITE X Feature enabled by National Payments Corporation of India (“NPCI”, “We”, “Us” and “Our”) on the App. Please read these Terms carefully before accessing or using UPI LITE X. These UPI LITE X Terms are in addition to and not in derogation of the terms and conditions governing the use of BHIM App prescribed by NPCI (“BHIM Terms”). In the event of conflict between the UPI LITE X Terms and the BHIM Terms, the UPI LITE X Terms shall have an overriding effect. By enabling, or using, UPI LITE X, you acknowledge that you have read, understood and agree to be bound by the UPI LITE X Terms.

DEFINITIONS:

In the UPI LITE X Terms, the following words shall have the meanings as set below unless the context indicates otherwise. All other capitalised terms used in the UPI LITE X Terms but not defined herein shall have the meaning ascribed to them in the BHIM Terms.

“UPI LITE X Balance” means the virtual funds available in the UPL LITE X wallet to be used for carrying out Transactions using UPI LITE X on the BHIM App. UPI LITE X Balance reflects funds allocated by you in your Account for Transactions to be made using UPI LITE X and such balance will change depending on the Transactions made from your UPI LITE X wallet.

“UPI LITE X” means the service provided to you by your Issuing Bank basis a Feature enabled on the BHIM App whereby low value transactions can be carried out (in online and offline mode) using an ‘on-device’ wallet.

“Offline mode” means a functionality in UPI LITE X that supports processing of transactions with or without internet connectivity;

TERMS:

You understand, agree, confirm and undertake that:

• All your Accounts linked to your UPI IDs may not be eligible for UPI LITE X. You can enable UPI LITE X for one Account only in the App.
• The upper limit of a UPI LITE X Transaction shall be ₹500/- and the total limit of UPI LITE X Balance shall be ₹2000/- at any point in time or such other limits as may be prescribed by NPCI, from time to time. You understand and agree that NPCI may revise the aforesaid limits in its sole discretion and without providing any prior intimation to you.
• UPI LITE X Balance in the App is only a virtual ‘on-device’ balance and a reflection of UPI LITE X Balance allocated by you in your Account. No interest is payable on the UPI LITE X Balance. You further understand that actual money or funds with respect to UPI LITE X Balance are never transferred to or received by NPCI from your Issuing Bank. The actual money/funds with respect to your UPI LITE X Balance is held and maintained with your Issuing Bank.
• UPI LITE X Balance can be replenished by making a top up Transaction i.e., allocate / add more funds to UPI LITE X from your Account.
• Your cumulative daily spend limit is capped at ₹4000/- i.e., you cannot do UPI LITE X Transactions beyond the above limit per day.
• UPI LITE X can be accessed, and UPI LITE X Transactions can be carried out by simply logging in to the App downloaded on your phone by entering your phone/device biometric or pattern validation details. You understand that separate Authorisation or UPI PIN is not required for carrying out Transaction using UPI LITE X.
• UPI LITE X Transactions other than top up Transaction will not be displayed in the statement (passbook) of your Account. You will receive SMS once a day for UPI LITE X Transactions from your Issuing Bank containing details of Transactions carried out during the day and the available UPI LITE X Balance. In case any Transactions are made in offline mode, you shall receive the details of such Transactions and the available UPI LITE X Balance only after your mobile phone/ device comes online i.e. has internet connectivity.
• In the event you disable UPI LITE X in the App, your unutilised UPI LITE X Balance, if any, will be credited to your Account by your Issuing Bank. Any refund or reversal of funds under a Transaction will appear in your Account only and not in the App.
• If you have performed a UPI LITE X Transaction (in offline mode) you have to come in internet connectivity within 4 days of performing the transaction, to receive the funds.
• Before you change your mobile phone/device or in case you are going to uninstall the App, you shall disable UPI LITE X from your old mobile phone/device and move the UPI LITE X Balance back to your Account. If you fail to disable UPI LITE X from your old phone/device your Issuing Bank will not be able move the UPI LITE X balance available in your UPI LITE X back to your Account. However, if you inform the Issuing bank for the same, your Issuing Bank will try on best efforts basis to refund any UPI LITE X Balance available in your UPI LITE X wallet.
• You agree that your device’s NFC (Near field communication) will be turned on upon opening the APP.
• You are responsible for maintaining the confidentiality of your App password and other details associated with UPI LITE X Transactions.
• You are solely responsible for all Transactions/activities performed (whether in online or offline mode) using your password or the mobile phone/ device on which UPI LITE X is enabled. If you know or suspect that someone else knows your App password, you should immediately take appropriate steps to change the same. You shall not hold NPCI responsible for any un-authorised Transactions made from your Account using UPI LITE X including Transactions made by entering your log in Pin/password of the App. NPCI shall not be liable to your or any other person for any loss or damage which may arise as a result of any failure by you to protect your password or User account on App or in otherwise complying the UPI LITE X Terms.
• In case your mobile phone/device/ handset is misplaced, lost, stolen or damaged, you shall request your Issuing Bank immediately to block the UPI LITE X wallet. Considering UPI LITE X is a ‘on device’ wallet, upon your phone/device being misplaced, lost, stolen or damaged, your Issuing Bank will try on best efforts basis to refund any UPI LITE X Balance available in your UPI LITE X wallet.
• Any disputes pertaining to enablement, top up or disablement of UPI LITE X shall be referred to and handled by your Issuing Bank.
• Notwithstanding anything to the contrary contained in the UPI LITE X Terms, NPCI reserves the right to deny the enablement of UPI LITE X to you, suspend access to or terminate your User account on the App, or require you to change your password, at any time in its sole discretion and without any prior notice or liability to you or any other person. The UPI LITE X Terms shall be read in conjunction with the BHIM Terms. The UPI LITE X Terms and BHIM Terms shall together form the entire agreement between you and NPCI with respect to UPI LITE X.