Introduction
The BHIM (Bharat Interface for Money) app has introduced a new feature to schedule payments using the UPI Mandate system. This allows users to automate recurring payments, making it easier to manage bills, subscriptions, and EMI payments.
What is a UPI Mandate?
- A UPI Mandate is a permission you give to a merchant or service provider to auto-debit money from your account at regular intervals.
- It works like standing instructions for wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payments, ensuring timely payments without manual intervention.
Key Features of Scheduled Payments in BHIM
Recurring Payments: Automate bills like electricity, water, subscriptions, or loan EMIs.
Customizable Frequency: Choose daily, weekly, monthly, or quarterly payment schedules.
Flexible Limits: Set maximum amounts for each mandate.
Secure Authorization: Each mandate requires your approval via UPI PIN.
How to Schedule Payments in BHIM Using UPI Mandate
Step-by-Step:
Open the BHIM App.
Go to ‘UPI Mandate’ or ‘Scheduled Payments’ section.
Tap ‘Create New Mandate’.
Enter:
Beneficiary name and UPI ID
Amount to be debited
Frequency (daily, weekly, monthly, or custom)
Start and end date (if applicable)
Authorize the mandate with your UPI PIN.
You will receive a confirmation and notification for every successful transaction.
✅ Your payments are now automated; no need to manually pay every time.
Benefits of Using UPI Mandates
- Time-saving: No need to remember due dates.
- Convenience: Automatically pays recurring bills and subscriptions.
- Secure: Mandates require UPI PIN verification.
- Control: You can modify or cancel mandates anytime from the BHIM app.
Important Tips
- Keep track of mandates in the BHIM app to avoid duplicate payments.
- Update UPI PIN regularly for security.
- Ensure sufficient balance in your linked account before scheduled payments.
- Use BHIM’s notification alerts to monitor recurring transactions.
Conclusion
The UPI Mandate feature in BHIM simplifies recurring payments, making it ideal for subscriptions, EMIs, and utility bills. By scheduling payments, users can avoid late fees, save time, and manage finances efficiently.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
click and follow Indiaherald WhatsApp channel