{"id":3694,"date":"2022-11-03T13:51:45","date_gmt":"2022-11-03T13:51:45","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=3694"},"modified":"2022-12-26T17:57:18","modified_gmt":"2022-12-26T17:57:18","slug":"what-is-upi-autopay","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/what-is-upi-autopay\/","title":{"rendered":"What is UPI AutoPay?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The National Payment Corporation of India (NPCI) launched UPI AutoPay on 22nd July 2020 for recurring payments using the UPI trail. This feature was introduced for the convenience of the buyers. The users can now set automatic monthly payments for recurring use cases including stock SIP, subscription charges, auto ledger update, mutual fund investments. The autopay allows users to make recurring transactions automatically up to Rs. 15,000 through UPI apps and upto Rs. 1 lacs via authorisation on the due date.<\/span><\/p>\n<p><b>How Does UPI AutoPay Work?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This option allows the users to create, modify, approve, revoke or pause the auto-debit mandate. To use these features, the users need to provide a one-time approval to the merchants for whom they want to automate payments on the platform. \u00a0Let\u2019s take a look at the steps involved in using UPI AutoPay.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The user has to go to Bank account section on Paytm Money.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The customers will have to choose a bank account and the amount, upto which they want the money to be debited using Autopay feature.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The amount should be entered carefully keeping future requirements in mind, as it might be possible that as of now the user wants to setup an SIP for 5k only, but he wants to increase it by 10% every year, so Autopay amount should atleast more than 5k inorder to make ensure it can used for near future as well.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customer will have to choose the UPI app or enter the UPI id.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The customers will have to approve a transaction via a UPI PIN. ( This is a one-time activity for authenticating a transaction<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Recurring payments are deducted in a completely automated manner not requiring any further actions from the customers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The customers have the flexibility to revoke or pause the mandates at any point in time via the app<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The mandate will set for recurring payments of weekly, monthly, quarterly, half-yearly, yearly or as-presented frequency. (As-presented frequency helps the user to use autopay more effectively incase it wants to use it for multiple dates and purposes)<\/span><\/li>\n<\/ul>\n<p><b>Step by Step Process to Enable UPI Autopay Feature\u00a0<\/b><\/p>\n<p><b>Step 1\u2013 Login into the app<\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3695 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2022\/11\/Login-461x1024.jpg\" alt=\" paytm money\" width=\"461\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Login-461x1024.jpg 461w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Login-135x300.jpg 135w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Login-768x1707.jpg 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Login-691x1536.jpg 691w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Login-922x2048.jpg 922w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Login.jpg 1080w\" sizes=\"(max-width: 461px) 100vw, 461px\" \/><\/p>\n<p><b>Step 2- Click on the\u00a0Account tab and go to the &#8220;Autopay&#8221; section.<\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3696 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2022\/11\/Account-page-461x1024.jpg\" alt=\"Account tab\" width=\"461\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Account-page-461x1024.jpg 461w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Account-page-135x300.jpg 135w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Account-page-768x1707.jpg 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Account-page-691x1536.jpg 691w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Account-page-922x2048.jpg 922w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/Account-page.jpg 1080w\" sizes=\"(max-width: 461px) 100vw, 461px\" \/><\/p>\n<p><b>Step 3\u2013 Continue by setting up your Autopay<\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3697 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2022\/11\/1-1-504x1024.png\" alt=\"Setup Autopay\" width=\"504\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/1-1-504x1024.png 504w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/1-1-148x300.png 148w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/1-1.png 720w\" sizes=\"(max-width: 504px) 100vw, 504px\" \/><\/p>\n<p><b>Step 4\u2013 Select the bank account and continue<\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3698 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2022\/11\/2-576x1024.png\" alt=\"Paytm Money\" width=\"576\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/2-576x1024.png 576w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/2-169x300.png 169w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/2.png 720w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/p>\n<p><b>Step 5 \u2013 Choose the Autopay limit and Click on the UPI option. You will be redirected to the payment selection page<\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3700 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2022\/11\/3-576x1024.png\" alt=\"Paytm Money\" width=\"576\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/3-576x1024.png 576w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/3-169x300.png 169w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/3.png 720w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/p>\n<p><b>Step 6 \u2013 Select the UPI app (Paytm) or enter the UPI id.<\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3699 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2022\/11\/4-513x1024.png\" alt=\"Paytm Money\" width=\"513\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/4-513x1024.png 513w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/4-150x300.png 150w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/4.png 720w\" sizes=\"(max-width: 513px) 100vw, 513px\" \/><\/p>\n<p><b>Step 7 \u2013 Open the UPI app and enter the UPI PIN<\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-3701\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2022\/11\/5.png\" alt=\"Paytm Money\" width=\"291\" height=\"402\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/5.png 291w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/5-217x300.png 217w\" sizes=\"(max-width: 291px) 100vw, 291px\" \/><\/p>\n<p><b>Step 8 \u2013 Enter the UPI PIN and complete the AutoPay registration<\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3702 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2022\/11\/6-576x1024.png\" alt=\"Paytm Money\" width=\"576\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/6-576x1024.png 576w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/6-169x300.png 169w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2022\/11\/6.png 720w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Payment Corporation of India (NPCI) launched UPI AutoPay on 22nd July 2020 for recurring payments using the UPI trail. This feature was introduced for the convenience of the buyers. The users can now set automatic monthly payments for recurring use cases including stock SIP, subscription charges, auto ledger update, mutual fund investments. The<a href=\"https:\/\/www.paytmmoney.com\/blog\/what-is-upi-autopay\/\">Continue reading <span class=\"sr-only\">&#8220;What is UPI AutoPay?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":31,"featured_media":3703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=3694"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/3703"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=3694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=3694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=3694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}