Mandate in UPI

byPaytm Editorial TeamLast Updated: July 11, 2025

Definition

A Mandate in UPI is a pre-approved instruction that allows automatic payments at a future date. It’s commonly used for subscriptions, EMIs, and bill payments.

How It Works

You authorize a one-time mandate, and the amount is debited on the selected date without requiring UPI PIN each time.

Use Cases

  • OTT subscriptions
  • Loan EMIs
  • Insurance premium payments

The meaning of UPI mandate is to help users automate recurring payments securely within the UPI system.

You May Also Like

ALM: Asset/Liability ManagementLast Updated: October 16, 2024

What is ALM Asset/ Liability Management or ALM is an approach used by companies and financial institutions to…

Cheque Truncation System (CTS)Last Updated: September 10, 2025

Definition CTS stands for Cheque Truncation System. It is a system where physical cheques are converted into electronic…

UPI ComplaintLast Updated: July 16, 2025

Meaning A UPI Complaint refers to a user-raised issue regarding a failed, delayed, or incorrect UPI transaction. It…

Floating Interest RateLast Updated: October 21, 2025

Definition A Floating Interest Rate is a loan or deposit interest rate that changes periodically based on market…