Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts

What safeguards should one set up for elderly parents using UPI?

short by Pravel Jain / on Friday, 16 October, 2026
People should set up safeguards to protect their elderly parents from UPI fraud and ensure safer transactions, according to Moneycontrol. Link UPI to a small-balance account or consider UPI Circle, enable biometric approval, turn on transaction alerts on both phones and set a screen lock. Teach them that a PIN is needed only to send money, never to receive it.
read more at Moneycontrol