UPI has made digital payments effortless in India, but its simplicity can sometimes lead to overspending or increased risk of fraud. Setting daily UPI limits helps users manage expenses and minimise losses from scams. Most banks allow users to set limits through their apps or NetBanking portals, while UPI Lite offers capped transactions for small, everyday payments.UPI has made digital payments effortless in India, but its simplicity can sometimes lead to overspending or increased risk of fraud. Setting daily UPI limits helps users manage expenses and minimise losses from scams. Most banks allow users to set limits through their apps or NetBanking portals, while UPI Lite offers capped transactions for small, everyday payments.
