Hello everyone,So on the other day I was trying to mandate my payment of around 22k using UPI mandate but i was getting this error that this amount cannot be mandated.Is there a cap on the amount which can be mandate or I am doing something wrong?
Please help
Bro i faced the same issue while mandating my own insurance premium and yeah man it was really really frustrating. First i thought that you cannot mandate insurance payment using UPI mandate.So i headed towards google and found this RBI document
And it clearly mention that mandate above 15k cannot be automated using UPI Autopay except payment for mutual fund, insurance premium and payment of credit card bills they are revised to 1Lac.If you are payment a falling outside of these 3 category then you cannot mandate this autopay.