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7 Essential UPI Safeguards to Protect Your Elderly Parents From Fraud
- •Link UPI to a separate, small-balance savings account to limit potential financial losses.
- •Utilize UPI Circle to manage payments from your own account and maintain strict monthly spending limits.
- •Teach parents the golden rule that a UPI PIN is strictly required only for sending money, never for receiving it.
- •Enable biometric approval methods like fingerprint or face scans for easier and secure transactions.
- •Activate SMS and app alerts on both phones and immediately report any suspicious activities to helpline 1930.
Key Questions Answered
UPI Circle allows you to add a trusted user, such as an elderly parent, so they can make payments from your account without handling a separate bank app on their phone. On BHIM, you can set a monthly limit of up to Rs 15,000 with a validity ranging from one month to five years while keeping full visibility over every payment.
NPCI permits UPI payments of up to Rs 5,000 to be authorized using a fingerprint or face scan instead of a PIN on supported apps like BHIM. This optional feature helps users who find it difficult to type a PIN discreetly in crowded locations, while the traditional PIN option remains available.
Under current RBI rules, a customer has zero liability for a third-party breach fraud if it is reported within three working days, and revised rules will extend this window to five calendar days starting January 1, 2027.
