UPI Mandate is an official document that a bank account holder uses to instruct or authorize their bank to debit their account and credit a specific account in any bank in the country. It is a payment system that allows you to pay your service providers on a recurrent basis, such as utility bills, insurance premiums, loan payments, and other monthly payments. UPI Mandate is an extension of the two main purposes of UPI, which are to maintain the secrecy of the recipients account and to enable instant non-revocable transfer of small value payments from payer to recipient.

UPI Mandate works by allowing the payer to instruct/authorize their bank to debit their account multiple times and credit the recipient account with any bank in the country. The receiver can execute the mandate, which will transfer the money to them during the validity period. Mandates are generated instantly, and payments get deducted automatically on the authorized date.

Businesses can activate UPI Autopay or E-Mandate by registering with their bank and connecting their account to the appropriate payment platform. They can then send a mandate request to their customers, who can authorize the transaction by entering their UPI PIN or signing electronically. UPI mandates are mandates set up for registered UPI consumers for recurring low-value autopayments.

In summary, UPI Mandate is a payment system that allows you to pay your service providers on a recurrent basis. It works by allowing the payer to instruct/authorize their bank to debit their account multiple times and credit the recipient account with any bank in the country. Mandates are generated instantly, and payments get deducted automatically on the authorized date.