UPI Users May Safely Share Accounts with Family Members

Unified Payments Interface (UPI) Circle: A Secure Payment Delegation Feature

Overview

UPI Circle is a feature within the UPI system that enables primary users to authorize trusted individuals to make payments from their bank account with controlled access. This feature promotes both financial inclusion and digital literacy by allowing a primary user to delegate financial transactions while maintaining security.

Key Features

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• UPI Circle enables a person to link family members or trusted individuals to their UPI account, allowing them to make payments when needed.
• The primary user can set limits or require approval for transactions, ensuring that spending remains monitored while still offering convenience.
• Up to five trusted secondary users can be added to the primary user's account.
• A monthly spending cap of up to Rs 15,000 can be set.
• The primary user can decide how long the access will remain active, from one month to five years.
• Real-time transaction tracking is available for the primary user.

Benefits

• Senior citizens: UPI Circle makes it easier and safer for them to handle small, everyday payments, while family members can set spending limits and keep track of transactions.
• Children and students: Parents can use UPI Circle to give children or teenagers digital pocket money while maintaining control over how much is spent.
• Small businesses: Small shop owners or operators can authorize trusted staff to make payments for routine expenses, maintaining transparency while keeping a clear record of all transactions.

Setting Up UPI Circle

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1. Open your UPI app (PhonePe, GPay, Paytm, BHIM, etc.)
2. Go to profile/settings
3. Look for UPI Circle or delegate payments
4. Tap add trusted person
5. Enter the trusted person's UPI ID or mobile number
6. Set the permissions (full delegation or partial delegation)
7. Set a spending limit
8. Confirm with your UPI PIN