Shreya Jaiswal Explains How Parents Can Make UPI Transfers Without a Bank Account

What if your parents could make UPI payments without having their own bank account? Sounds unbelievable, right? Shreya Jaiswal, a CA and digital creator, introduces the revolutionary UPI Circle feature that simplifies life in ways you never imagined. From empowering your parents to shop online to enabling house help to manage their transactions, this feature opens new doors for seamless digital payments.

Let's delve into what makes the UPI Circle a must-know tool for modern households.

No Bank Account? No Problem!

Shreya humorously clarifies that this isn't some government "Laadle Maa Baap" scheme. The UPI Circle feature, currently available on the BHIM App, allows you to link trusted individuals like your parents or house help to your UPI account. This eliminates the need for them to have their own bank accounts while still enabling them to make payments up to ₹5000 per transaction and ₹15,000 per month.

Why UPI Circle is a Game-Changer

Shreya highlights how the UPI Circle enhances convenience and financial autonomy in these ways:

• Track Spending Patterns: Parents can monitor what their children are spending on—an ideal feature for budget-conscious families.
• Simplified Online Shopping for Parents: Without needing a bank account, parents can effortlessly shop online, freeing you from the middleman role.
• Empower House Help: By allowing them to use delivery apps like Blinkit or Zepto without needing access to your phone, this feature adds a layer of trust and independence.

How UPI Circle Works

The process is simple yet effective. Add your parents, house help, or trusted individuals to your UPI account through the BHIM App. Once set up, they can scan QR codes and make payments without any intervention on your part. The only limit? ₹5000 per transaction and ₹15,000 per month, ensuring security alongside convenience.

Shreya's Experience with UPI Circle

Shreya shares how the feature has been a blessing for her mother, who's been using it for weeks now. From shopping online to handling small payments, the UPI Circle has simplified life for both her and her family. It's also been a relief during tax filing, as her transactions remain organized and manageable.

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The UPI Circle feature, currently exclusive to the BHIM App, is a revolutionary step toward financial inclusivity and convenience. Whether it's empowering your parents, simplifying life for your house help, or giving you better control over family expenses, this tool is a must-try.