How do I enable the UPI mandate?

How do I enable the UPI mandate?

  • Go to your UPI App where your UPI ID has been created

  • Check for the Alert popup or the notification

  • Verify the Mandate by confirming your UPI pin number.

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    • What is UPI mandate?

      UPI Mandate allows you to pre-authorize a transaction and pay on a later date. This will prevent your loan from going into default.

    • Is UPI mandate safe?

      UPI mandates is a safe process and authorized by your bank and governed by RBI.

    • What happens with the UPI mandate?

      With this feature you can pre-authorise (Mandate) a transaction, for debit from your bank account later.

    • How to approve the mandate request?

      To approve your mandate and activate your loan, follow these steps: Initiate Loan Application on the app. Complete the UPI verification prompt. Review and verify the Loan Sanction Letter. Enter the OTP received on your registered mobile. Approve the ...

    • What is the charge for a failed mandate?

      In case that EMI/mandate is not debited/fulfilled, a penalty of RS. 295/- is enforced. Also, sometimes the system does not enforce penalty month wise, rather it accumulates the penalty for a few months and then debit altogether. If you fail to ...