Core Viewpoint - The State Bank of India (SBI) has announced a scheduled maintenance activity affecting its digital banking services, advising customers to utilize ATM and UPI Lite services during this period [1][13]. Group 1: Scheduled Maintenance - SBI's maintenance activity is set for October 25, 2025, from 1:10 AM to 2:10 AM (IST), during which services like UPI, IMPS, YONO, Internet Banking, NEFT, and RTGS will be unavailable [1][13]. - The maintenance was initially scheduled for October 24, 2025, but was postponed to the following day [1][13]. Group 2: UPI Lite Overview - UPI Lite is a payment solution designed for low-value transactions under ₹1,000, allowing for faster and pinless payments [6][12]. - The UPI Lite balance is treated as cash, and users are responsible for the balance loaded in their UPI Lite account [6][12]. Group 3: Activation and Usage of UPI Lite - Customers can activate UPI Lite through the BHIM SBI Pay app by loading funds into the UPI Lite section [2][8]. - UPI Lite transactions do not appear on bank statements as they are deducted directly from the wallet, with only the wallet load amount visible [4][5]. - No UPI PIN is required for UPI Lite transactions, facilitating quick low-value payments [5][12]. Group 4: Limits and Withdrawals - The per transaction limit for UPI Lite is ₹1,000, with a cumulative daily usage limit of ₹10,000 and a maximum balance of ₹5,000 in the UPI Lite account [10][12]. - Users can withdraw any amount from their available UPI Lite balance using the 'Transfer Out' functionality without disabling UPI Lite [11][12].

Core Points - The State Bank of India (SBI) announced that several of its services will be temporarily unavailable due to scheduled maintenance after midnight on October 11 [1][2][3] - The affected services include SBI UPI, IMPS, YONO, Internet Banking, NEFT, and RTGS, which will be down from 1:10 am to 2:10 am IST [3][4] - Customers are advised to use ATM and UPI Lite services during the downtime, as UPI Lite will remain operational [4][5] Service Impact - SBI UPI services will be unavailable for one hour, specifically from 1:10 am to 2:10 am IST on October 11, 2025 [3] - Other services impacted include IMPS, YONO, Internet Banking, NEFT, and RTGS, which will also be down during the same period [2][3] Customer Guidance - Customers planning online transactions during the downtime are encouraged to use ATM services or carry cash [4] - SBI has acknowledged previous issues with UPI services and has urged customers to utilize UPI Lite for uninterrupted service [5][6]

Core Insights - The Global Fintech Festival (GFF) 2025 showcased numerous digital payment innovations, emphasizing transaction security and support for new form factors [1][2] Group 1: New Features Launched - Small Value UPI Transactions via Wearable Glasses allow users to initiate transactions hands-free using smart glasses, powered by UPI Lite, which enables small-value transactions without internet or PIN [3][4][5] - UPI Multi-Signatory feature enables multiple approvals for a single UPI account, aimed at businesses requiring checks and balances before processing payments [6] - On-Device Biometric Authentication for UPI allows users to authenticate payments using smartphone security features, enhancing transaction speed and security [7] - Cash Withdrawal through Micro ATMs using UPI allows users to withdraw cash at local shops and business correspondent outlets by scanning a dynamic QR code [8][9] - Aadhaar-Based Face Authentication in UPI simplifies the process of setting or resetting UPI PINs, making it more inclusive for first-time users and senior citizens [10][11] Group 2: Market Context - Monthly UPI transactions surpassed 20 billion in August but slightly declined to 19.6 billion in September, with PhonePe, Google Pay, and Paytm leading the ecosystem [14]