How to set up UPI AutoPay with SBI, ICICI Bank, Google Pay, Amazon Prime and others

By: |
October 14, 2021 11:14 AM

If you want to setup UPI AutoPay for your recurring payments, here's all you need to know.

UPI AutoPay, BHIM UPI App, process, SBI, ICICI Bank, Google Pay, Amazon PrimeSome of the banks, merchants, and aggregators who are live with UPI AutoPay are Axis Bank, Bank of Baroda, HDFC Bank, HSBC Bank, ICICI Bank among others.

If you want to set up UPI AutoPay for your recurring payments, here is a stepwise process for you. If there are expenses that you have to meet on a regular basis, setting up UPI AutoPay will be of help. With UPI AutoPay, you can enable recurring e-mandate using any UPI application for recurring payments such as mobile bills, electricity bills, EMI payments, entertainment/OTT subscriptions, insurance, mutual funds, and loan payments, paying for metro payments, among others, of up to Rs 5000. If the amount exceeds Rs 5000, you have to execute every mandate with UPI PIN.

Some of the banks, merchants, and aggregators who are live with UPI AutoPay are Axis Bank, Bank of Baroda, HDFC Bank, HSBC Bank, ICICI Bank among others. Google Pay, Amazon Prime, Acko General, SBI AMC etc will soon go live with UPI AutoPay.

UPI AutoPay – Setting Up

Any UPI-enabled application would have a ‘Mandate’ section, through which you can create, modify, pause as well as revoke auto-debit mandate.

The mandate section will allow you to view the past mandates for your reference and records. UPI users can create e-mandate through UPI ID, QR scan.

The pattern for auto-debit mandate has been created keeping in mind one’s spends on recurring payments. The mandates can be set for one-time, daily, weekly, fortnightly, monthly, bi-monthly, quarterly, half-yearly, and yearly.

The mandates are generated instantly and payments get deducted automatically on the authorized date.

As a user you will have to authenticate your account through UPI PIN one-time and subsequent regualr payments would be debited automatically.

UPI AutoPay stepwise process in BHIM UPI App

Step 1: Login to BHIM UPI App

Step 2: Click on Auto Debit

Step 3: Click on Mandate

Step 4: Manage mandate (create new or view past mandates)

Step 5: Select payment frequency / period (monthly / weekly / annually, etc)

Step 6: Add name of the merchant and select auto debit date

Step 7: Click on Proceed

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Mutual funds: Why invest in multi-cap funds now?
2Your Money – Options & futures: Know the differences
3Digital literacy making way for India’s financial inclusion