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Delhi Capitals defeated Gujarat Giants by 7 wickets to secure a direct qualification to the final.
The Capitals won by 9 wickets chasing a target of 120.
India entered the semifinals by virtue of better ICC rankings after the quarterfinal against Malaysia was abandoned due to rain.
Marizanne Kapp broke the back of Gujarat Giants' innings with a stunning five-wicket haul, while Shafali clobbered 10 fours and five sixes to produce a ruthless 76* as DC completed the chase in 7.1 overs.
Kim Garth bagged a fifer as the UP side scored a three-wicket win over Gujarat Giants.
Shafali, 19, has already established herself in India's senior side and wants to make the visit to South Africa for the Women's T20 WC even more memorable with another silverware.
India notched up an eight-wicket win over New Zealand in the first semifinal.
Once Shafali holed out at mid-wicket boundary, there was a slump as India lost four wickets for the addition of 17 runs in less than three overs as the match turned decisively in favour of the Southern Stars.
Shafali Verma will lead India in the tournament to be held in South Africa next month.
The Indians, who suffered a shock loss to Pakistan on Friday, scored 159/5 before restricting Bangladesh to 100/7.