How to Set Auto Bill Payment for Broadband Bills on Paytm?

Managing multiple bills can be time-consuming, and forgetting a due date can lead to late fees and disruptions in service. Thankfully, Paytm offers a convenient solution: autopay for your broadband bill. With autopay, you can automate bill payments, ensuring timely payments and avoiding unnecessary stress. This guide will walk you through the step-by-step process of activating autopay for your broadband bill on the Paytm app.

What is Autopay or Automatic Bill Payment?

Autopay, also known as automatic bill payment, is a feature offered by Paytm and similar apps. It allows you to schedule recurring payments for your bills, ensuring they’re paid automatically on a predetermined date. This eliminates the need to  remember due dates and make manual payments each month, saving you time and preventing late fees.

Auto payment allows you to set up recurring payments for bills or services. You authorize automatic deduction of a specific amount from your chosen payment method on a predetermined schedule (monthly, quarterly, etc.).

How to Set Up Auto Payment for Broadband Bill Payment on Paytm?

Here are the steps to set up automatic payments for your broadband bill on Paytm:

Step 1: Open the Paytm app and tap on your profile icon in the top left corner.

Step 2: Select ‘UPI & Payment Settings’ from the options displayed.

Step 3: Tap on ‘UPI Automatic Payments’.

Step 4: Choose ‘Setup New’ to begin setting up a new automatic payment.

Step 5: Select ‘Recharge and Bill Payment’ and then choose ‘Broadband’ as the bill type.

Step 6: Enter your broadband account details like the customer ID number and mobile number.

Step 7: Choose the UPI AutoPay mode of payment and proceed with setting up the automatic payment.

Step 8: Specify the payment amount and frequency.

Step 9: Select the UPI ID or auto deduction from the bank account from which the broadband bill amount will be automatically deducted.

Step 10: Review the details and complete the setup process by entering your UPI PIN.

Once the setup is complete, Paytm will do an auto deduction from the bank account to deduct the broadband bill amount on the due date of each billing cycle. You will receive notifications before the payment is processed, allowing you to ensure sufficient funds are available.

Benefits of Setting Up Automatic Bill Payment

1. Effortless Bill Management: Eliminate the hassle of remembering due dates, manually entering payment information, and scheduling individual payments. Automatic bill payments ensure timely payments without any manual intervention.

2. Reduced Stress: Free yourself from the worry of missing a payment and incurring late fees. Autopay ensures your bills are paid on time, every time.

3. Avoid Late Fees: Late payments can result in hefty late fees. Autopay guarantees your bills are paid before the due date, saving you money on potential penalties.

4. Improve Credit Score: On-time payments are a significant factor in determining your credit score. Consistent automatic payments can positively impact your creditworthiness, potentially leading to better loan rates in the future.
5. Payment Reminders (optional): While autopay handles the payments, Paytm UPI sends you notifications to remind you of upcoming bills.
6. Modify or Cancel Payments: Easily edit or cancel upcoming automatic payments through the Paytm app if needed.

Payment Methods You Can Use for Broadband Bills on Paytm

The following payment methods can be used for auto payments:

• Credit Card: Payments are deducted from your credit card limit. You can earn rewards points or miles depending on your card’s program. However, be mindful of late payment fees on your credit card if there are insufficient funds in your account.
• Debit Card: The funds are directly deducted from your checking account linked to your debit card. There are no late payment fees on the debit card itself, but insufficient funds can result in an overdraft fee from your bank.
• Bank Account: Similar to debit cards, the funds are directly withdrawn from your checking or savings account.

Is Automatic Bill Payment Safe on Paytm?

Automatic bill payment on Paytm is considered safe. Paytm follows robust security measures to protect user information and transactions. They use industry-standard encryption protocols to ensure the security of personal and financial data. Additionally, Paytm has implemented multi-factor authentication and secure login procedures to prevent unauthorized access to user accounts.