I must say that I have greatly benifited from this thread and it gave me the motivation to start doing stuff by my own! 
Long story short - I upgraded to a 24 volt UPS from a 12 volt one in hope of getting better backup... Unluckily the whole thing went terribly wrong as we got an extremely pathetic UPS made by our electrician which kept blowing its transistors each day and evening! 
Returned that UPS to him after having many sleepless nights! and never called him back again, now I have another electrician...
Now I have this UPS, purchased used from one of our relatives, it was working fine for the first few days but as the Ramadan started it started giving its buzzer alarms... After some useless calls to the electrician, worried & frustrated I decided to get a volt meter and investigate things by myself...
I got this Clamp meter for 565Rs. only...
At first I did not know how to operate it, but after reading user manual I figured it out and started monitoring the battery voltage... I observed that the battries were not retaining charge for long a fully charged battery at 24 volts on load, would fall down to 21 quite quickly... Even with 1 fan and energy saver only!
Hence the UPS buzzer was due to low battery power ( The UPS hasn't got its battery low light working ) I observed the charging amperes and figured out that the UPS was giving as much as 30 amperes for charging!!!! The battries would start showing 26 volts full almost instantly after wapda electricity was restored!!!
Then today I have lowered its charging from 30 amperes to 17 amperes max. Its still working pretty well, I mean i dont feel that its charging slow... i think it would still charge fully at 26 volts ( Cutt - off of this UPS ) within an hour.
Here are some pics..
MY UPS SET UP - 85 AMP-HR INTO 2 BATTRIES
BATTRIES AT 23 VOLTS
CHARGING CURRENT 16.7 AMPS
BATTRIES VOLTAGE STEADY IMPROVING, REACHED 25 V, CUT OFF @ 26V.
I hope that I well get good back up and battries will retain charge now... I was shocked to see 30 Amps charging current!! The UPS guy charges 500Rs per visit and this is his intellect level! Damn!! I think if this experiment proves successful then I should start this work myself 
Thanks to this thread poster @talhawaleed
Please mention if I did any step wrong...
PS: For observation I have left my clamp meter connected and on... I hope continuous operation wont hurt it??