You will need to enter your UPI ID that is linked to your PhonePe settlement bank account and follow the below-mentioned steps.
- Enter your UPI ID to make your payments, and tap Verify. We suggest you enter the UPI ID linked to your PhonePe app you use to make the payments.
- After your UPI ID is verified, tap Send AutoPay request.
Note: You will receive a notification for a mandate set-up on the UPI app linked to your UPI ID. - Enter your UPI PIN to approve the mandate.
Note: An amount of ₹1 will be deducted to set-up the mandate, which will be refunded to your bank account instantly. An Autopay limit of ₹5000 or ₹15000 will be set, depending upon the bank with whom you have the settlement account. This is the maximum amount that a lending partner can deduct from your bank account to recover your overdue or missed installments. This amount will not be deducted while setting up an AutoPay. - You will be able to check the status of your mandate on the UPI app.
- Go back to the PhonePe Business app to check your mandate status.