Introducing UPI autopay for SIP payments

I’m not able to approve mandate on HDFC app, It says You have insufficient fund in your account to complete this transaction, I have 25000 in account. Mandate is for 100000. HDFC is not letting me approve it.

Can you try now?

Checking this.

Not as of now, but its on our to-do.

This is an issue on the HDFC bank app; we have been checking with the bank on this, and it will be fixed soon.

Hi @Neelesh, I didn’t face any issues while setting up the UPI auto-pay option. It was smooth for me (using HDFC bank account and PhonePe as the application) when I did that on 11th September.
Two of my SIPs were scheduled for 16th September but both of them are still in ‘Processing/Pending execution’ status. Why is that so?

@Neelesh
Were you able to find the issue ?
I tried again yesterday & it again failed.
If needed I can share fresh set of logs

@Neelesh
Any update here ?
Still unable to setup mandate

Our payment aggregator partner is checking these issues we will get back shortly on this.

Hi @Neelesh
Is there any update on this ?
Should I retry again in case fresh set of logs are needed

Thanks for a feature. But what is the difference between the existing bank mandate and UPI Autopay.

Both are UPI Autopay orders stuck at processing.

“AMC SIP - Pending Mandate verification”

Coin SIP says “Order sent to AMC” but no money debited from bank account.

Checking with the PG on this

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UPI autopay you can manage, approve, decline from your existing UPI app/ Bank app’s UPI section.

setup is faster I guess. Fees is 0 I think.

Settlement time, failure turn around time etc you can check https://www.npci.org.in/what-we-do/autopay/product-overview

Even current setup is also free no hassle and doesnt count towards daily upi limits

Hi @Neelesh
What’s the current status on this ?
By when can we expect the feature to start working ?
Is it something pending from bank’s end or something specific to zerodha as a merchant itself

Hi @Neelesh , any updates here?