UPI autopay

Set it and Forget it: UPI Autopay. Seamlessly manage recurring payments, amplify convenience
SET UP UPI
SET UP UPI
SET UP UPI
4 mins
19 May 2024

UPI AutoPay: A Game Changer in Digital Payments

UPI AutoPay revolutionises digital transactions by offering a seamless, automated payment solution. Designed for recurring payments, it ensures users never miss a bill or subscription. Whether it’s utility bills, subscription services, or loan repayments, UPI AutoPay handles it all efficiently. This service eliminates the hassle of manual payments, providing a hassle-free and convenient experience. Users can set up AutoPay for various payment cycles - daily, weekly, monthly, and more. The flexibility and ease of UPI AutoPay make it an attractive option for those seeking a reliable and automated payment method. With Bajaj Pay UPI, setting up and managing AutoPay becomes even more straightforward, providing users with peace of mind and ensuring financial obligations are met promptly.

Benefits of AutoPay

AutoPay offers numerous advantages for both consumers and businesses. Firstly, it guarantees timely payments, preventing late fees and penalties. This is especially beneficial for recurring expenses like rent, utilities, and subscriptions. Additionally, AutoPay enhances financial planning and budgeting by providing predictable payment schedules. Users can avoid the inconvenience of missed payments, improving their credit score and financial reliability. For businesses, AutoPay reduces administrative tasks, ensuring smoother cash flow and better customer retention. The security features integrated into Bajaj Pay UPI and Bajaj Pay Wallet provide an extra layer of protection, giving users confidence in their transactions. Overall, AutoPay simplifies financial management and promotes a more disciplined approach to handling expenses.

How to set up UPI AutoPay

Setting up UPI AutoPay is straightforward and user-friendly. To begin, users must ensure their bank supports UPI AutoPay services. Then, they need to log into their UPI app or Bajaj Pay Wallet. Within the app, users should navigate to the AutoPay section. Here, they can select the type of recurring payment they wish to automate. After selecting the payment cycle (daily, weekly, monthly), users must enter the necessary payment details, such as amount and beneficiary information. It's important to be aware of the UPI limit per day, which may vary depending on the bank and user profile. Once confirmed, users will authorise the mandate using their UPI PIN. The process is quick and intuitive, ensuring users can set up AutoPay with minimal effort and start enjoying the benefits immediately.

How to make payments using Bajaj Pay UPI

Bajaj Pay UPI allows you to make instant fund transfers directly from your smartphone. Here is how to use it:

  1. Open the Bajaj Pay UPI app
  2. Locate the ‘PAY’ section within the app
  3. Initiate a payment by entering the recipient's VPA (Virtual Payment Address) or bank account details (account number and IFSC code). Alternatively, scan their QR code if available
  4. Enter the payment amount and add a reference note (optional)
  5. Double-check all details and confirm the payment
  6. Enter your secure UPI PIN to authorise the transaction
  7. Upon successful payment, you will see a confirmation message and might receive an SMS notification from your bank

Conclusion

In conclusion, UPI AutoPay is a transformative feature for the digital payments landscape. By automating recurring payments, it eliminates the stress of missed bills and simplifies financial management for both consumers and businesses. Bajaj Pay UPI offers a user-friendly platform for setting up and managing AutoPay mandates, ensuring a secure and convenient experience. With its ease of use and numerous benefits, UPI AutoPay is poised to become an indispensable tool for anyone seeking a streamlined approach to handling their finances.

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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.

Frequently asked questions

How do I check my UPI autopay status?
To check your UPI AutoPay status, open your UPI app or Bajaj Pay Wallet. Navigate to the AutoPay section. Here, you will find details of all active mandates, including their status and payment schedules.
Can we stop UPI AutoPay?
Yes, you can stop UPI AutoPay anytime. Log into your UPI app or Bajaj Pay Wallet and go to the AutoPay section. Select the mandate you wish to cancel and choose the option to revoke or stop it. Confirm the cancellation using your UPI PIN. This will immediately halt future payments under that mandate.
How do I register for UPI Autopay?
To register for UPI AutoPay, log into your UPI app or Bajaj Pay Wallet. Go to the AutoPay section and choose the payment type you want to automate. Enter the required details such as payment amount, cycle, and beneficiary. Confirm and authorise the mandate using your UPI PIN. Your AutoPay will be set up and ready to handle recurring payments.

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