Apeksha: “Hey,Aneri ! I tend to forget to pay my utility bills on a timely basis. Is there an easier way to manage all these recurring payments?”
Aneri: “Absolutely! You can use UPI AutoPay feature; it automatically handles your payments so that you never miss a due date.”
In today’s fast-paced world, managing your money efficiently is crucial. UPI AutoPay makes it simple by automating your recurring payments from SIPs and OTT subscriptions to utility bills. Yet, many still ask, “Is AutoPay safe?” or “What if the wrong amount is deducted?”
Let’s explore how UPI AutoPay works, its security features, and how you can easily manage or deactivate it if a payment goes wrong.
What is UPI AutoPay?
UPI AutoPay is a feature within the Unified Payments Interface (UPI) where your recurring expenses are paid automatically. You don’t have to approve each payment manually every time, and can set a UPI AutoPay mandate via UPI apps
- For example, you can use UPI auto payments for:
- Mutual fund SIPs (including on the Lxme app or the other apps)
- Subscription services (such as Netflix, Spotify)
- Utility bills (electricity, phone, etc.)
- Insurance premium payments
Once you create a UPI AutoPay mandate, your payments are automatically deducted on the specified set date which ensures that you will never miss a deadline.
How to set a UPI AutoPay Mandate?
Here’s a step-by-step guide for the UPI AutoPay:
- Set up a mandate:
You need to authorize the payment for a fixed amount or variable amount from your UPI app.
- Authenticate once:
You need to approve your first payment using your UPI PIN for the first time.
- Automatic payment:
The app auto-debits the amount on the due date according to the mandates.
- Instant notifications:
You get a notification before and after each payment :”deduction”, which provides you with complete transparency for the payments.
This process ensures that all UPI automatic payments occur effortlessly and securely.
Is UPI AutoPay Safe?
Yes… UPI AutoPay is 100% safe if used responsibly. Here’s why:
✅ NPCI Regulation
The feature is regulated by the National Payments Corporation of India (NPCI), so all transactions are encrypted and RBI-compliant.
✅ One-time Authentication:
You authorize the UPI AutoPay mandate for the very first time with your UPI PIN. Nobody can set it without your consent.
✅ Notifications for Transparency:
You get notifications for all transactions, empowering you to track your payments in real-time.
✅ Control in Your Hands:
You can stop,change, or cancel UPI AutoPay at any time from your app.
So, if you’re thinking “Is AutoPay safe?”, rest assured, your payments are secure as long as you set up mandates through authenticated (Safe) platforms and never share your UPI PIN,
How to Stop UPI AutoPay?
You can easily pause UPI AutoPay if you want to cancel or change an “AutoPay”. Just follow these steps:
- Open your UPI app
- Navigate to the “Mandates” or “AutoPay” section.
- Select the active mandate.
- Select Pause, Modify, or Cancel Options.
- Confirm using your UPI PIN.
Your UPI AutoPay mandate will immediately pause, and no additional payments will be made.
What to do if the Wrong Amount is Deducted?
Sometimes, in exceptional situations, you might be facing issues like:
Incorrect amount deducted from your account, or payment made to the wrong person.
Here’s what you must do right away:
- Check the transaction details in your UPI app.
- Reach out to your payment app’s customer service
- Raise a dispute within the app under “Help” → “Report a Problem.”
- Notify your bank if the amount doesn’t get reversed automatically.
- As all UPI payments are traceable, banks and apps can resolve such issues quickly.
Tips to Keep Your UPI AutoPay Secure
- Never share your UPI PIN with anyone.
- Do not click on suspicious (unknown) payment links.
- Always check the merchant name before approving a UPI AutoPay mandate.
- Check your bank statements and UPI app regularly for active mandates.
Remember, you own your AutoPay, not the app or the merchant.
Pro tips for women
Be among the first to experience LxmePay, your smarter way to pay and manage money!
Simply fill out the early access form and get an exclusive entry before everyone else.
Earn Digital Gold on UPI payments while tracking your spends effortlessly!
Final Thoughts
UPI AutoPay combines convenience with strong security. As long as you stay alert and verify every setup, you can confidently enjoy secure payments and a stress-free financial life.
So, the next time you wonder — “Is AutoPay safe?” — the reply is a resounding YES.
And if you’re looking to automate your SIPs smartly, download the Lxme app now and invest easily via UPI AutoPay
FAQs
Can I cancel or modify a UPI AutoPay mandate?
Yes, you can cancel and modify your UPI Autopay Mandate
Are my bank details safe with UPI AutoPay?
Yes, Your Bank account details are completely safe with UPI Autopay
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