Currently, both children and parents actively use UPI for various transactions—from purchasing goods in small shops to online shopping and money transfers. However, there is a risk that a child might make an erroneous payment to the wrong number or exceed the necessary amount. If a child has access to the UPI PIN, there is a threat of funds being debited from the bank account.
Nevertheless, you no longer need to share your UPI PIN. For this, UPI offers a useful feature called UPI Circle Pay.
UPI Circle Pay provides the ability to authorize another trusted person to make payments from your UPI account. The key feature of this function is that it does not require sharing your bank account or UPI PIN to use it.
For example, if your son is out of the house and needs to purchase an item worth 500 rupees, and he does not have his own bank account, you can grant him permission to pay from your UPI account using UPI Circle.
The main advantage of this feature is that control remains in your hands. You determine exactly how the person will make payments from your account and what maximum limit they can use.
Two payment options are available in UPI Circle. The first option requires your approval for every transaction; meaning, when your son tries to make a payment, you will receive a notification to approve it. In the second option, you can set a specific payment limit. If you set the limit to 1000 rupees, payments can be made within that amount, saving you from having to approve every small purchase.
This feature can be very useful if your child starts using UPI. It provides them with the convenience of digital payments while reducing your anxiety about your bank account.
Most importantly—never share UPI Circle with anyone. Use UPI Circle only with trusted family members and set payment limits according to needs. This will allow you to maintain the convenience of digital payments while keeping control over your bank account.