What is a UPI mandate?

A UPI mandate is a pre-authorized instruction that allows you to automate future payments from your bank account. Regulated by the NPCI, it enables merchants to collect funds on scheduled dates without requiring manual approval for every transaction. This feature is commonly used for:

• Recurring payments like monthly subscriptions, utility bills, and insurance premiums.
• Investments such as Systematic Investment Plans (SIPs).
• One-time future payments for services or IPO applications.

Users maintain full control and can create, modify, or cancel mandates directly through their UPI app.