What is UPI Circle?
What do you do now for online payment? You scan the person’s scanner with your phone or send money to him by typing his mobile number or name. This work is accomplished with the help of a UPI ID and your bank account. UPI Circle will also do the same thing, but it has been brought mainly for those who neither have a UPI ID nor a bank account.
For example, Rahul makes UPI payments, but his mother, who lives in the village, does not have this facility. With the help of UPI Circle, now Rahul can add his mother to the UPI app, after which she will be able to make online payments in the village from her mobile.
The specialty of UPI Circle is that any user can add one or more people to his payment app. All of them will be able to make payment from the primary user’s bank account.
UPI Circle Limit Set
With the UPI Circle feature, if you allow someone to make payment from your account, you can also set a limit for it. That user will not be able to pay more than that limit. Suppose your child is studying in a hostel in another city. If you want to avoid sending money to him every month, then you can set a payment limit by linking it with your UPI ID.
UPI Circle Payment Limit
According to reports, the maximum limit of transaction in UPI circle has been fixed at Rs 15,000. Transactions up to Rs 5,000 can be done at a time.
Option of partial payment also
If you want that people close to you added in the UPI circle should not be able to make payment without your consent, then partial payment can also be set. Whenever people associated with the circle make a payment, it will be completed only when you i.e. the primary user enters the UPI PIN.
UPI Circle Benefits
With the help of UPI Circle, people of a family will be able to make payments from one bank account even if they live in different cities. However, auto-payment cannot be done through this. Different payment limits can also be set for the number of people the primary user adds to the UPI circle.
