UPI Auto Pay: Know easy way to cancel process

UPI Auto Pay: Unified Payments Interface (UPI), which facilitates digital payments, is now smart. The money will be deducted from your account, after which you will remember that you should have canceled the auto payment. UPI Auto Pay: Know easy way to cancel process.

The UPI AutoPay feature, launched by National Payments Corporation of India (NPCI), saves you from making recurring payments like electricity bill, Netflix subscription, EMI or insurance premium every month.

Through this, you can set up an automatic payment by approving it once, which will be automatically deducted at the specified time.

Details of UPI AutoPay:

UPI AutoPay is a feature where you set up an e-mandate online authorization. After this, the payment will be automatically deducted from your bank account. You can use this service on any UPI app like PhonePe, Google Pay, Paytm, BHIM.

This service operates daily, weekly, monthly, or at any specified time interval. You can use it for subscription payments on OTT platforms like Netflix, Hotstar.

Mobile or Electricity bill

Loan EMI or insurance premium

Mutual Fund SIP

Gym membership or tuition fees

Step to cancel AutoPay Mandate:

If you want to stop an autopayment, you can cancel it very easily.

Open your UPI app (like PhonePe, Google Pay, Paytm).

Go to the Mandates or AutoPay section in UPI settings

View active mandates. Click on the one you want to close.

Press the Revoke or Cancel button. That payment will be stopped immediately

Can UPI AutoPay payments be reversed:

No, once an AutoPay payment is deducted, it cannot be reversed like regular UPI transactions.

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