How to Set a Payment Reminder in UPI for Timely Payments

Effortlessly set payment reminders in UPI apps to avoid late fees and manage expenses.
How to Set a Payment Reminder in UPI for Timely Payments
SET UP UPI
5 mins
11 November 2024
Why use payment reminders for managing finances

Payment reminders are essential for effective financial management. They help prevent missed payments, leading to late fees and penalties. By setting reminders, individuals can stay organised and clearly understand their financial obligations. This practice enhances cash flow management, allowing for better budgeting and resource allocation.

Moreover, timely payments strengthen relationships with vendors and service providers, fostering trust and reliability. Pay reminders to improve financial discipline and reduce the stress associated with managing bills.

Step-by-step guide to setting payment reminders on UPI

1. Open your UPI app (e.g., PhonePe, Google Pay).

2. Tap on your profile or settings icon.

3. Select "REMINDERS" or "PAYMENT REMINDERS."

4. Click on "ADD REMINDER."

5. Choose a recipient from your contacts or enter a UPI ID.

6. Enter the payment amount.

7. Set the frequency (daily, weekly, monthly).

8. Choose the start date for the reminder.

9. Optionally include a message.

10. Tap "SAVE" to activate the reminder.

Tips for setting effective payment reminders

  • Be clear: Include specific details like the due date and amount.
  • Set early reminders: Notify recipients well in advance of due dates.
  • Use multiple channels: Send SMS, email, or app notifications reminders.
  • Personalise messages: Address recipients by name for a personal touch.
  • Include payment links: Make it easy for recipients to pay directly from the reminder.
Incorporating these strategies can enhance the effectiveness of your payment reminders.

Conclusion

Setting payment reminders is a smart way to manage finances effectively. They help avoid late payments and strengthen vendor relationships.

Using UPI makes this process easy and efficient. You can ensure timely payments and better financial planning by following simple steps and tips for more information on UPI functionalities.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Frequently asked questions

Can I cancel a recurring payment reminder?
Yes, you can cancel recurring payment reminders in UPI apps. Simply navigate to the reminders section, find the specific reminder, and select the option to delete or cancel it. This process is straightforward and ensures you maintain control over your financial commitments.

Can I set recurring payment reminders?
Yes, you can set recurring payment reminders using UPI apps like Bajaj Finserv. In Bajaj Finserv, go to the "REGULAR PAYMENTS" section. Select a payment category, enter details like frequency and amount, and save the reminder.

Are there any charges for setting payment reminders in UPI apps?
There are no charges for setting payment reminders in UPI apps. Users can create reminders without incurring any fees. Merchants may incur interchange fees for certain transactions over Rs. 2,000 when using prepaid wallets, but this does not affect customers directly.

How do I receive notifications for upcoming payments?
Depending on your bank's policies, you can receive SMS or email notifications about upcoming payments. Most UPI apps will also notify you through their platform. Ensure your contact information is up-to-date to receive timely alerts about due payments.

Show More Show Less

Related videos