Benefits of UPI AutoPay
For financial services:
- EMI payments (loans, insurance, mutual funds) can be made through UPI AutoPay without missing due dates or setting reminders.
- Payments made on time avoid late fees and penalties.
- In UPI recurring mandates, each client can choose from a variety of payment methods (monthly, quarterly, etc.) and quantities (from Rs.1 / – to Rs.2000 +).
- Recurring payments made in a secure and convenient way.
- Process without using cash.
- There will be no long queues.
- There are no papers required.
For transit:
- UPI offers a variety of passes on a daily, weekly and monthly basis.
- There will be no more fines or penalties for traveling without a ticket.
- There is no need to worry about losing tickets.
- It’s the ultimate in convenience.
For educational services:
- Educational packages can be customized to meet specific needs.
- Quick and easy payments to earn. information from the comfort of your own home.
For Ecom
- UPI AutoPay service allows you to buy now and pay later.
- For retailers, it’s easy to deliver to their doorstep.
- Convenience is right outside your door (no looking for change etc.)
- Edit, revoke and pause tools are also provided to change orders as needed.
How does UPI AutoPay work?
A “Mandate” option will be available in any UPI compatible application, allowing customers to establish, approve, modify, stop or revoke a direct debit mandate. To use the UPI Autopay feature, follow this step by step guide.
Authenticate your account with a UPI PIN code once, and subsequent monthly payments will be automatically debited from your account.
For transactions up to Rs. 2000, create an electronic mandate using a UPI compatible bank ID or QR scan.
Each mandate will require UPI PIN authentication for transactions exceeding Rs. 2000.
Single, daily, weekly, bi-monthly, monthly, bi-monthly, quarterly, semi-annually and annually mandates are all possible.
Live aggregators on UPI AutoPay
| Sr. No. | Live aggregators on UPI AutoPay |
| 1 | Razorpay |
| 2 | Payment |
| 3 | Cams Pay |
| 4 | PayG |
| 5 | Digio |
| 6 | PayU |
| 7 | Billing office |
List of live applications on UPI AutoPay
| Sr. No. | Application |
| 1 | BHIM |
| 2 | Payment |
| 3 | Industrial bank application |
List of banks live on UPI AutoPay
| Sr. No. | Bank name |
| 1 | National Bank of India |
| 2 | Paytm payment bank |
| 3 | HDFC BANK LTD |
| 4 | ICICI Bank |
| 5 | Baroda Bank |
| 6 | Axis Bank Ltd. |
| 7 | Bank of India |
| 8 | INDUSTRY BANK |
| 9 | IDFC FIRST Bank |
| ten | Yes Bank SA |
| 11 | Federal Bank |
| 12 | IDBI Bank Limited |
| 13 | HSBC |
| 14 | Punjab and Sind Bank |
| 15 | Karur Vysia Bank |
| 16 | RBL |
| 17 | NSDL payment bank |
| 18 | Jio payment bank |
| 19 | Utkarsh Small Financial Bank |
| 20 | Saraswat Cooperative Bank |
| 21 | Small Northeast Financing Bank |
| 22 | Suryoday Small Finance Bank |
| 23 | Small Shivalik Corporate Bank |
| 24 | Thane Janta Sahakari Bank |
| 25 | National Bank of Punjab |
| 26 | Canara Bank |
| 27 | SBM |
