CA Sakchi Jain Instagram – Share it with your siblings!!
In August 2024, the NPCI came up with a new facility called ‘UPI Circle’ which helps in delegation of authority for one UPI ID. With UPI Circle now, multiple individuals are allowed to utilize one UPI ID.
Key Points:
👉🏻UPI Circle allows multiple people to share a single UPI ID.
👉🏻Primary users set access limits for secondary users, with options for full or partial delegation.
👉🏻Full delegation permits transactions up to Rs. 15,000 per month; partial requires primary user approval.
👉🏻Security includes mandatory biometric or app passwords for secondary users, with primary users controlling access and viewing transaction history.
It will also give easy access to digital payments to kids and elders who do not have their own bank account.
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#onlinetransactions #digitalpayments #npci #upi #upicircle #upitransactions #fintech #paymentsecurity #biometricauthentication #casakchijain | Posted on 27/Aug/2024 20:37:56
