Name the Unified Payments Interface UPI Recurring Payment feature launched by National Payments Corp...........

Current GK (SBI-PO) Banking Awareness

Name the Unified Payments Interface (UPI) Recurring Payment feature launched by National Payments Corporation of India (NPCI)?

UPI AutoDebit

RuPay Autopay

UPI AutoPay

RuPay AutoDebit

None of the above

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Explanation:

• National Payment Corporation of India (NPCI) launched UPI AutoPay feature for recurring payments.
• With this new facility, customers can enable recurring e-mandate using any UPI application for recurring payments such as mobile bills, electricity bills, EMI payments, entertainment and OTT subscriptions, insurance, mutual funds and loan payments, among others of up to ?2000.
• If the amount exceeds ?2000, customers have to execute every mandate with UPI PIN.

Hence option 3 is correct.