Definition
UPI Circle
UPI Circle is an NPCI feature that lets a primary user authorise trusted secondary users — like family members — to make UPI payments from their account within set limits.
UPI Circle enables a primary account holder to add trusted secondary users who can transact through UPI on the primary's account, either with full delegation up to a cap or with per-transaction approval by the primary.
It is aimed at households where one person controls the bank account but family members (such as elderly parents, a spouse or young adults) need to make digital payments, all within limits and visibility set by the primary user.
The feature extends UPI's reach to dependants without each needing their own bank account, while keeping control and oversight with the account owner.
Related terms
- UPI AutoPayUPI AutoPay is an NPCI feature that lets you set up recurring payment mandates on a UPI app so approved sums are auto-debited for subscriptions, SIPs, bills and EMIs.
- UPI LiteUPI Lite is an on-device wallet within UPI apps for low-value payments that works without entering a UPI PIN and, for small amounts, even offline.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.