A UPI mandate is a pre-approved instruction set through a UPI app that authorises automatic deductions from your bank account for recurring payments. Also known as UPI AutoPay or e-mandate, it eliminates the need for manual payments by allowing you to schedule fixed or variable amounts at daily, weekly, or monthly intervals directly through any NPCI-approved UPI application.

What is the UPI mandate?

A UPI mandate is a pre-approved instruction to a bank via a UPI app that allows for automatic deductions of payment from your bank account. It's also known as autopay or e-mandate.

In other words, When you have memberships and payments that need to be paid every time on the same date, you need to place a standing order for these payments to be made every time. That is what the UPI mandate is. You decide on a specific amount that needs to be deducted at a specific time and the payment automatically goes through at that particular time. It makes the process easy and there are no manual payments and missed deadlines because of this feature.

Key Features of UPI Mandate

Here are the features that make the UPI mandate so amazing:

• Convenience: You do not have to remember due dates or log into various platforms to make payments. It is automatically done for you.

• Timely payments and cost-effectiveness: Late payments cause service disruption, avoid this by opting for the UPI mandate. Some services may even offer discounts for setting up automatic payments.

• Security: Secure payments are made through the secure UPI platform; this ensures that your financial services stay safe.

• Flexibility and control: As mentioned before, you get to choose the amount and the time of payment, which gives you flexibility and control over your payments.

• Seamless payments: UPI mandate works seamlessly with all platforms, making it a one-stop solution for all your payments.

How to Setup UPI Mandate in UPI Apps?

Setting up a UPI mandate takes under 2 minutes and follows a standardised process across all NPCI-approved UPI apps including Freo UPI, Google Pay, PhonePe, and BHIM. Here is how it works:

1. Open UPI App Launch your preferred UPI app- Freo UPI, Google Pay, PhonePe, or BHIM.

2. Go to AutoPay Navigate to the "UPI Mandate" or "AutoPay" section.

3. Select Merchant Choose the merchant or enter payee details.

4. Set Parameters Define amount, frequency (daily/weekly/monthly), start date, and end date.

5. Authenticate Confirm with your UPI PIN required only at setup, not for each transaction.

6. Bank Registration Your bank registers the mandate with NPCI in real time.

7. Get Confirmation Receive a unique mandate reference number via SMS and app notification.

8. Auto-Execution Payments are debited automatically on scheduled dates no manual action needed.

There you go! Your recurring payment is now automated and ready to roll.

UPI payments are a game-changer for recurring payments. They offer a secure, convenient, and automated way to stay on time with your bills and subscriptions, payments. So, the next time you sign up for a service that requires recurring payments, consider the power of the UPI mandate. It's time to ditch the manual payments and embrace a smoother, stress-free financial experience!