RBI Grade BNABARD ESISEBI
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Source: Mint
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What is the news?
The Reserve Bank of India (RBI) has asked the National Payments Corporation of India (NPCI) to review UPI Autopay after a rise in complaints about involuntary recurring payment mandates and difficulty in cancelling them.
Background
- UPI Autopay was launched in 2020 to enable recurring payments such as subscriptions, utility bills, insurance premiums and EMIs.
- Complaints increased toward the end of 2025, including involuntary mandates, unclear consent and cancellation issues.
- Reports to cybercrime authorities triggered regulatory attention.
What is UPI Autopay?
UPI Autopay is a feature of the Unified Payments Interface (UPI) that allows users to set up automatic recurring payments through pre-approved mandates. Once authorised, payments are deducted automatically at scheduled intervals without requiring manual approval each time.
It was launched by the National Payments Corporation of In
