Often users keep their UPI linked to their main bank account. In which if there is fraud then you suffer a big loss. Therefore, experts recommend that only alternate accounts should always be connected to the UPI app. So that in case of fraud, there is minimal loss.
In order to relax from the hectic routine, you often take a break for tea during office hours. In such a situation, many times a gathering takes place at the tea stall outside the office. Where you feel free to take out your mobile, scan the QR code and make payment.
In the same way, you make payment at many other places also by scanning the QR code. The main ones include parking fees, toll tax, grocery and online shopping. If you have connected your UPI to the main account for all these payments, then you may suffer more loss than profit. About which we are explaining in detail here.
To which account should I connect UPI?
If you make most of the payments online, then you should keep a separate account for this. In which money should be kept as per daily expenses. Because of this alternate account, you get many benefits.
You will be safe from fraud
If you connect UPI to an alternate account instead of the main account, there will be less money in it. In such a situation, if fraud happens to you, less money will be withdrawn from your account and you will suffer less loss.
Can track the budget
If you keep money in an alternate account on a daily basis, it will keep your budget in order and reduce unnecessary expenses. Besides, you can also easily track your expenses if needed.
You will get interest on savings account
By connecting the alternate account to UPI and transferring money to it for daily expenses, you will also get a big benefit that there will be more money in your main account. Because of which you will get 7 percent interest on it on annual basis from the bank.
Whereas if you connect UPI to the main account, then you will face many disadvantages in contrast to these advantages.