UPI Circle is a new feature that allows a primary user to authorize a secondary user to make UPI transactions from the primary user's bank account, with set transaction limits.
Primary user who has an UPI account can set up UPI Circle for secondary users like their trusted contacts.
The main benefits include broadening UPI usage across different demographics, providing financial access to those without bank accounts, and offering supervised spending for those who need it.
The primary user has full control over who can access their account for UPI transactions. They can set transaction limits and monitor all activities.
Yes, under Full Delegation, the primary user can specify the maximum amount that the secondary user can spend per month.
Despite allowing access, the primary user maintains oversight of transactions and has the ability to revoke permissions at any time.
No, this feature is particularly useful for those who may not have their own bank accounts.
Yes, the primary user can monitor all activities made through the delegated access.
It makes it easier for family members or dependents to manage expenses without requiring access to the primary user's entire bank account.
Yes, the primary user can revoke permissions at any time.
The secondary user under partial delegation would only be allowed to make payments to merchants and people. They will not be able to set UPI autopay or lite transactions.
Customized monthly limits for each secondary user might be possible under full delegation.
Check with your preferred UPI app or bank to see if they offer this feature.