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1. Full delegation allows up to ₹15,000 per month and ₹5,000 per transaction.
2. A primary user can delegate to 5 secondary users, while each secondary user can accept delegation from only one primary user.
3. The primary user controls account access for UPI transactions, sets limits, and monitors all activities.
Precautions for UPI Users:
1. Regularly educate secondary users about UPI fraud trends, tactics, and prevention to help them recognize and avoid threats.
2. Only give access to trusted individuals and set transaction limits.
Note: Amazon Pay, Google Pay, and NPCI’s BHIM are testing UPI Circle in a closed user group, with a public launch expected soon.
[Anushka Rathod, finance, UPI, news, India, RBI]
#anushkarathod #finance #upi #news #india #rbi | Posted on 06/Sep/2024 19:01:12
