UPI Circle: Now making digital payments has become even easier. NPCI’s company NBSL has launched a new feature in the BHIM app – UPI Circle. With its help, you can allow a trusted member of your family such as parents, children or anyone else to make payments from your UPI account. But keep in mind that every payment will be made only with your approval.
What is UPI Circle?
In UPI Circle, you can choose 5 people to whom you will give permission to make payments from your account. But when they make the payment, you will get a notification in the BHIM app and you will have to enter your UPI PIN and approve it. That means you can have complete control over every transaction.
How to use?
- Download the new BHIM app (Version 4.0.2) on your phone.
- Open the app and go to the UPI Circle section.
- Click on Add Secondary User and enter his/her UPI ID or scan the QR.
- Choose how to allow payments – approval will be required each time.
- A request will go to the other person. He will accept it, then he can make the payment and you will approve it.
How will the elderly benefit?
If your parents or grandparents hesitate to make digital payments, you can add them to UPI Circle. Whenever they make a payment, you can approve it. This will save them from hassle and make their work easier.
It is also great for kids
You can give your children limited access for school fees or pocket money. They will be able to make payments through the BHIM app, but nothing will happen without your approval.
Some important things
A secondary user can spend up to Rs 5,000 at a time.
You can set a monthly limit of up to Rs 15,000.
Even if the secondary user does not have his own bank account, he can still make payment through you.
