One Bank Account, Multiple UPI Access: NPCI Launches “UPI Circle”

The National Payments Corporation of India (NPCI) has launched "UPI Circle," a new feature that allows multiple users to access a single bank account through different UPI IDs. This feature aims to enhance user convenience, particularly for families and businesses, by enabling joint management of finances through a single account. UPI Circle supports better financial coordination and reduces the need for multiple bank accounts. The initiative is expected to simplify digital payments and broaden the user base for UPI, further strengthening India's position as a leader in digital transactions.