- You will have to enter your UPI PIN.
Note:- For a new SIP, the first payment will be made during the set-up. All following payments will be made automatically on the SIP date you’ve selected.
- If you have an existing SIP and you wish to change the payment mode to UPI, a verification charge of ₹2 will be debited from your account. This amount will be refunded to your account within one hour.
- PhonePe does not charge any additional fee for setting up a new SIP.
How do I complete the auto payment set-up for my SIP?
If you’re setting up an auto payment using UPI
If you’re setting up an auto payment using netbanking/debit card
- You will be redirected to your bank’s website where you will be asked to provide the required details to set up the auto payment:
- For netbanking, you will be redirected to your bank’s netbanking portal. You will need to enter your user ID and password.
- For a debit card, you will need to enter your card details and your bank account number.
Note: If your bank account has already been verified, you can use it to set up new SIPs without requiring any re-verification.
Important: PhonePe will not charge any additional fee for setting up a new SIP using Net Banking/Debit Card. However, your bank may charge you a fee for verifying your bank account or setting up the auto payment for the SIP. We recommend that you check your bank’s website or contact your bank for more information.
Learn more about auto payment limits
