By Admin 
Paytm Pocket Money Feature: What changes are not being seen in today’s digital age? There was a time when people had to leave their homes to buy everything, and today this is the time when everything from shopping to bank related work can be completed sitting at home within a few minutes. But, since the youth do not have their own bank accounts, they remain completely dependent on their parents. Now to get rid of this problem, fintech giant Paytm (One97 Communications Limited) is going to make a new beginning by launching the ‘Paytm Pocket Money’ feature.
Now complete control will be in the hands of parents
The biggest feature of Paytm Pocket Money feature is that even after children get the freedom of payment, parents will be able to pay special attention to money. That means, through this feature, the parents will have complete control of their money. Not only this, now parents will also be able to not only set the spending limit for their children through Paytm app but will also be able to keep an eye on every transaction being done by them.
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Support of NPCI’s ‘UPI Circle’
Actually, this new feature is completely based on the UPI Circle technology developed by National Payments Corporation of India (NPCI). In simple words, through this new feature the primary account holder allows digital payment to his family member who does not have a bank account of his own.
Spending limit can be set in new feature
Not only this, now through this feature parents can easily set a maximum limit of Rs 15,000 per month without any hassle. At the same time, the limit for making single payment at a time has been kept at only Rs 5,000.
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Apart from this, if we talk about some restrictions, this service will work completely on both savings and current accounts, but keeping in mind the security, international payments and cash withdrawal from it is currently banned.