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?

Hi @Neelesh
Would you like to share the current status on this.
Where is the issue & on what is it currently blocked on

Apologies for the delay; the issue has now been fixed by our Payment Aggregatory, and the debit instructions should work fine now for a few accounts where the debits wasn’t happening. Request you to please modify the dates of your SIP for the debit instructions to go though in the next few days.

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Any update with BHIM or Indian bank mandate failures?

Can UPI autopay be used to add regular cash to Kite as well?

Or the same old bank mandate method is the only one for Kite?

you can add beneficary acc number in your banking app and create a SI with NEFT and RTGS

@Neelesh
Hey, I had setup a mandate for my SIPs using the UPI option and the funds were deducted on 26th OCT (SIP date) but were returned to my SB a/c on the 1st of Nov. Any reason for this? How to fix it? The SIP order also shows ‘sent to AMC’.

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