What is UPI Autopay?
Are you worried that you may forget the monthly subscription for a service that you are availing? Or do you need to pay a merchant at a later date, but want to ensure that you don’t forget the date and it is paid on time? In both
cases you can use UPI Autopay. This feature allows users to commit towards payments where the amount has to be transferred in future or at a later date, thereby ensuring the payment happens automatically and seamlessly on the day chosen
The UPI Autopay functionality allows you to create a UPI mandate for a service/merchant payment to be made at a later date. When this mandate is executed the customer’s account is debited on the set date. It can be executed as a
“one time” or “recurring transaction”.
Set payments easily using existing UPI accounts and Merchant Websites.
No late fee or default of payments on services leading to continued service
Automated process, no intervention needed