By Admin 
Paytm Pocket Money: Digital payment facilities are increasing rapidly in the country. As children grow up, their expenses also increase and they need pocket money. But due to lack of financial understanding among children, parents hesitate in giving them money or opening bank accounts. Now a solution to this problem can be found.
Payment app Paytm has started a new facility called Pocket Money. With its help, now minor children will be able to use UPI even without a bank account. In this, the main UPI user like a parent or a family member can allow the child to make payment from his bank account up to the specified limit. With this, children can spend and their control remains with the UPI user.
What is the reason for starting the pocket money feature?
The expenses of teenagers are such that they often have to call home and get OTP or send QR code to get money. Due to this they remain dependent on their parents. Now with the help of this feature, youth can manage their own expenses, while complete control over their pocket money remains with the parents in real-time.
Railways changed the rules for carrying luggage in trains, which equipment got approval, who will benefit?
How does the feature work?
• Parents add the child to their account through UPI circle on Paytm app.
• Its After this the child can easily make UPI payment from his mobile.
• If parents have a monthly limit in this then Can set.
What are the rules regarding security?
This feature has been created considering the biggest fear of parents. Due to this, children are not able to spend much.
• Total expenses for the entire month Rs 15000 has been fixed. Which you can reduce as per your convenience.
• Payment can be made only up to Rs 5000 once.
• Some expenses in the initial days Restrictions remain.
• in the phone Password is required.
• Cash cannot be withdrawn in this feature.
• International payment cannot be done in this
• Parents have complete control over what they want whenever they want. access closed Can do.
Feature gives understanding of spending money
With this facility, children become self-reliant and learn to make payments. They also start understanding how to spend their money. With this they also learn to make budget and spend wisely. In digital payment, there is a complete record of every expenditure.
Delhi Metro: Now Delhi Metro tickets will be available directly on WhatsApp, you will get freedom from long lines, what is the process?