NPCI Update: Even if you don't have a bank account, you will still be able to make UPI Payment..

To take advantage of the UPI payment service, you have to link your bank account to it, but now NPCI is preparing to launch a special service. In such a situation, those who do not have a bank account or debit card will also be able to make UPI payments. This new service of NPCI can prove to be very helpful for family members.

Know what is special in it
According to the information, NPCI will soon launch a Delegated Payment System. In this, your family members will be able to use your UPI account with your consent. In such a situation, those family members who do not have a debit card or bank account will get the facility to make payments through your UPI. In simple words, in this, the bank account will be single, but many people will be able to do UPI transactions from it. Other users will not need a bank account linked to UPI.

This is how UPI's Delegated Payment System will work
A savings account will be required to use 'Delegated Payments' on UPI. The person from whose account UPI will be used will have master access and if that person wants, he can give access to the account to anyone else for payment. This service will not be available on credit card or UPI credit line facilities.

When NPCI officially launches a 'Delegated Payment System', users of UPI apps may get a notification. During the notification, it will be asked whether you would like to set up UPI from your savings account for someone else. It has not been decided yet how many people can avail of the facility of 'Delegated Payments' from one main UPI ID and savings account.

Once the facility of 'Delegated Payment' is chosen, the person for whom this service is being set up, his number, Aadhar card, etc. documents will be asked for verification. After verification, you will be able to set a limit for your family or acquaintances as to how much UPI they can do from your account every month.

The secondary user for whom the 'Delegated Payment' facility is set up will be able to use UPI after downloading the app, verifying his number and Aadhaar, and getting approval from the primary user's main app.

The 'Delegated Payment System' is expected to increase UPI payments by 25-30%. This service can prove to be very useful for families living in villages and remote areas, where often only one bank account is used, and for the elderly and children who do not have their bank accounts.

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