UPI Autopay vs eNACH Mandate for Mutual Fund SIPs: Everything You Need to Know

Setting up a reliable payment method is an essential step when starting a Mutual Fund SIP. With digital payments evolving rapidly in India, most investors today choose between UPI Autopay and eNACH (Electronic NACH) Mandates.

While both options automate your SIP instalments, they differ in authentication, maximum limits, success rate, and convenience. This guide breaks down everything you need- limits, charges, use cases, Rupeezy-specific features, and exactly when to choose which option.

What is UPI Autopay?

UPI Autopay allows investors to automate SIP instalments using their UPI app, like GPay, PhonePe, Paytm, etc. Once you authenticate the mandate, future SIP payments get debited automatically.

Authentication Process

• Select your bank 

• Enter your UPI ID (Virtual Payment Address) or choose any available UPI app.

• Approve the mandate from your UPI app using a Rupeezy Registered bank account.

• The screen may show a maximum limit of Rs 1,00,000 — this is only the mandate limit, not the amount being debited right now.

• Rs 1 is debited during authentication, which is then refunded within 24 hours.

Maximum Autopay Limit

Charges

• Rs 0 — UPI transactions do not carry ECS/processing charges.

Advantages of UPI Autopay

• Fully digital; mandate approval in seconds.

• Zero charges.

• Works through familiar UPI apps.

• Suitable for small to mid-sized SIPs.

Disadvantages of UPI Autopay

• Lower SIP limit (capped at Rs 1,00,000 per instalment).

• Mandate approval sometimes fails due to app or bank server downtimes.

What is eNACH Mandate?

eNACH is an automated bank debit system regulated by the National Payments Corporation of India (NPCI). It allows higher debit limits and more stable SIP execution.

Authentication Process

• Select your bank

• Choose eNACH Mandate on Rupeezy.

• Complete authentication via Netbanking credentials or Aadhar-based authentication, or debit card authentication.

• A mandate of Rs 1 crore is set by Rupeezy as the maximum allowed debit amount.

• Important: No money is debited at the time of authentication.

• Only your scheduled SIP amount will be debited on SIP dates.

Maximum Autopay Limit

Charges

• No charge for successful mandates or debits.

• Banks may levy an ECS Return/Failure charge varying between Rs 200 to Rs 500 if the debit fails due to insufficient balance.

Advantages of eNACH

• Fully automated & failure-proof deductions

• Supports very high-value SIPs (Rs 1,00,000 up to Rs 1 crore).

• Works even if UPI limits block you.

Disadvantages of eNACH

• Slightly slower setup.

• Some banks may not support Aadhaar OTP.

• ECS return charges apply if the bank honours the debit request, but the balance is insufficient. ECS return charges vary by banks; usually Rs 200 to Rs 500.

Rupeezy Features You Should Know

Rupeezy makes mandate management simple and flexible:

• Multiple Mandates: You can create any combination of UPI Autopay and eNACH (up to 5 mandates). This is useful for investing from multiple bank accounts or segregating your investment plans.

• Cancel Anytime: Mandates can be cancelled directly from the Rupeezy app instantly. No need to visit the bank or RTA site.

• Clear Display of Limits: Rs 1,00,000 (UPI) and Rs 1 Crore (eNACH) shown during setup are only the maximum allowed mandate caps, not the amount being debited. Only your scheduled SIP amount is debited.

UPI Autopay vs eNACH Mandate Comparison

When Should You Use?

Choose UPI Autopay If:

• Your SIP instalment is below Rs 1,00,000.

• You want a quick, app-based setup.

• You prefer using UPI over Netbanking.

• You are new to investing and want a simple onboarding experience.

Choose eNACH Mandate If:

• You have large SIPs in the range of Rs 1,00,000 to Rs 1 crore.

• Your UPI app/bank often hits the UPI transaction limit.

• You don’t have UPI access.

Final Recommendation

If you're a new investor with small-to-medium SIPs, UPI Autopay is fast, free, and convenient. If you’re running large SIPs, want dependable execution, or manage multiple systematic plans, eNACH Mandate is the better choice.

Rupeezy supports both methods and gives you the flexibility to maintain up to 5 Autopay mandates at any time, with instant control and cancellation options directly inside the app.