The National Payments Corporation of India (NPCI) introduced the UPI Autopay facility in 2020. With UPI Autopay, you can enable e-mandate for recurring payments, including mobile bills, electricity bills, EMI Payments, OTT subscriptions, insurance premiums, and mutual fund payments using any UPI application of your choice. There are multiple benefits of setting up autopay mandates for recurring payments. If you are a customer, setting up autopay can help you avoid late fees and penalties by automatically as autopay can make timely payments on your behalf. Similarly, it offers a secure and convenient way to make recurring payments, without requiring you to manually make payments every month or year.
