NPCI launched UPI Auto Pay facility, which allows recurring payments on UPI interface. That is exactly like giving an ECS mandate to a mutual fund or insurance company for direct debits to your bank. Now customers can set auto debit facility on UPI apps for transactions from their connected bank account. Transactions up to Rs.2000 will not require PIN.

It is expected to help recurring payments like monthly SIP in mutual funds, insurance premiums, other subscriptions etc. In 2018, the recurring feature was not permitted by the RBI but with the rapid scale up of UPI transactions in the last 2 years that has become a necessity now. The issue of mandate, cancellation and modification can happen in the app.