UPI Lite Terms and Conditions

Effective Date: February 28, 2025

These UPI Lite Terms and Conditions ("Terms") govern your use of the UPI Lite feature provided by Amica Financial Technologies Private Limited ("Jupiter," "we," "us," or "our") in collaboration with partner banks. By enabling or using UPI Lite, you agree to these Terms, which are in addition to Jupiter's general Terms and Conditions and Privacy Policy. These Terms are also subject to the rules, regulations, and guidelines issued by the National Payments Corporation of India (NPCI).

1. Introduction

UPI Lite is a secure and efficient payment solution designed to facilitate low-value transactions without frequent interaction with your bank’s core systems. It operates on an on-device balance, ensuring faster payments and an enhanced user experience.

2. Eligibility and Activation

1. UPI Lite can be activated for a single bank account linked to your UPI ID on the Jupiter platform.
2. UPI Lite functionality is subject to compatibility with your issuing bank. A list of participating banks is available on the Jupiter app.
3. You are responsible for linking the correct bank account and ensuring the accuracy of the details provided.

3. Transaction and Balance Limits

1. The maximum amount for each UPI Lite transaction is ₹500.
2. The cumulative transaction limit per day is ₹4,000.
3. The maximum UPI Lite balance at any given time cannot exceed ₹2,000.
4. A maximum of ₹2,000 can be added to the UPI Lite balance twice daily, amounting to a daily limit of ₹4,000.
5. These limits may be revised as per NPCI guidelines without prior notice.

4. Balance Management

1. UPI Lite operates using a balance maintained on your device, enabling faster transactions.
2. Add funds to your UPI Lite balance via the Jupiter app by selecting your linked account and entering your UPI PIN.

5. Transactions and Security

1. UPI Lite transactions up to ₹500 can be processed without entering a UPI PIN.
2. You are responsible for the security of your device and account credentials. Unauthorized transactions due to negligence will not be the liability of Jupiter or its partner banks.
3. Transactions are authorized using biometric or pattern validation on your device.
4. All UPI Lite transactions are recorded within the Jupiter app for reference.
5. Transactions made using UPI Lite will not appear in your bank’s account statement or passbook, except for UPI Lite top-ups.

7. Dispute Resolution

1. Any issues related to UPI Lite must first be raised with Jupiter’s customer support.
2. Unresolved complaints can be escalated to:
3. The partner PSP Bank.
4. Your linked bank.
5. NPCI.
6. If issues remain unresolved, you may approach the Banking Ombudsman or the Ombudsman for Digital Complaints, as applicable.

8. Deactivation and Refunds

1. UPI Lite can be deactivated through the Jupiter app at any time.
2. Upon deactivation, any remaining UPI Lite balance will be refunded to your linked bank account by the issuing bank.

9. Compliance with Applicable Laws

1. UPI Lite is subject to the applicable laws, regulations, and guidelines issued by the Reserve Bank of India (RBI) and NPCI.
2. Users must comply with all legal requirements related to UPI transactions, including those concerning anti-money laundering, combating financing of terrorism, and data protection laws.

10. User Conduct

1. You agree not to use UPI Lite for any unlawful purposes, including fraudulent activities, money laundering, or transactions violating public policy.
2. Jupiter reserves the right to suspend or terminate your access to UPI Lite in case of any suspected misuse or violation of these Terms.

11. Liability and Indemnity

1. Jupiter, NPCI, or partner banks shall not be liable for any loss or damage arising out of:
2. Unauthorized access due to user negligence.
3. Transactions exceeding the balance limit or daily limit.
4. Any delay or failure caused by factors beyond our reasonable control, such as network failures or system outages.
5. You agree to indemnify and hold Jupiter, NPCI, and its partner banks harmless from any claims, damages, losses, or liabilities arising out of your breach of these Terms or misuse of the UPI Lite feature.

12. Communication and Notifications

1. Jupiter may communicate with you regarding UPI Lite updates, transactions, or modifications via SMS, email, or in-app notifications.
2. It is your responsibility to ensure that the contact information provided to Jupiter is accurate and up to date.

13. Amendments and Termination

1. Jupiter reserves the right to amend these Terms or discontinue the UPI Lite feature at any time. Notifications of changes will be provided through the app or official website.
2. Continued use of UPI Lite after modifications constitutes acceptance of the revised Terms.

14. Governing Law and Jurisdiction

These Terms are governed by and construed under the laws of India. Any disputes arising under these Terms will be subject to the exclusive jurisdiction of the courts in Mumbai.

15. Data Privacy and Security

1. All user data, including UPI transaction data and sensitive personal information, will be processed per Jupiter’s Privacy Policy.
2. UPI Lite balances, transaction records, and other relevant data will not be shared with unauthorized third parties.
3. Jupiter, NPCI, and partner banks shall ensure robust security measures to safeguard data.

By enabling or using UPI Lite, you confirm that you have read, understood, and agree to these Terms along with Jupiter’s general Terms and Conditions and Privacy Policy. For further assistance, please contact Jupiter’s customer care team through the app.