What is autopay in UPI?

UPI AutoPay enables users to set up automatic, recurring payments directly from their existing UPI account. It simplifies payments for various use cases, such as utility bills, subscriptions, loan repayments (EMI), and mutual fund investments. This feature ensures timely payments, helping users avoid late fees or penalties. Mandates can be set for amounts ranging from Re. 1 to up to ₹1,00,000 for specific merchant categories.