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AutoPay Banks Performance (Sep'24)
AutoPay Remitter Banks - Mandate Registration (Sep'24)
Sr. No. Remitter Bank Total Volume Approved% TD% BD%
1 State Bank Of India 68,89,931 95.47% 4.53% 0.00%
2 HDFC Bank Ltd 27,56,265 97.31% 2.69% 0.00%
3 Bank of Baroda 16,84,259 96.00% 4.00% 0.00%
4 Punjab National Bank 15,86,945 93.68% 6.32% 0.00%
5 Kotak Mahindra Bank 14,80,840 96.27% 3.73% 0.00%
6 Union Bank of India 14,26,417 95.78% 4.22% 0.00%
7 ICICI Bank 13,74,709 97.22% 2.78% 0.00%
8 Axis Bank Ltd 12,45,147 97.23% 2.77% 0.00%
9 Canara Bank 11,44,724 93.58% 6.42% 0.00%
10 Airtel Payments Bank 10,98,843 99.85% 0.15% 0.00%
11 India Post Payment Bank 8,04,513 91.51% 8.49% 0.00%
12 Bank of India 7,66,962 95.61% 4.39% 0.00%
13 Indian Bank 6,88,455 97.01% 2.99% 0.00%
14 Central Bank Of India 4,38,958 88.66% 11.34% 0.00%
15 Federal Bank 4,26,174 96.20% 3.80% 0.00%
16 UCO Bank 3,44,360 96.04% 3.96% 0.00%
17 Indian Overseas Bank 3,41,706 93.82% 6.18% 0.00%
18 IndusInd Bank 3,19,825 95.37% 4.63% 0.00%
19 IDBI Bank Limited 2,90,593 96.57% 3.43% 0.00%
20 Bank of Maharashtra 2,80,950 96.61% 3.39% 0.00%
21 Fino Payments Bank 2,39,087 7.36% 92.64% 0.00%
22 Karnataka Bank 1,82,671 93.62% 6.38% 0.00%
23 Yes Bank Ltd 1,77,255 94.34% 5.66% 0.00%
24 Karur Vysya Bank 1,24,513 90.69% 9.31% 0.00%
25 IDFC FIRST Bank 1,23,849 96.33% 3.67% 0.00%
26 Jammu and Kashmir Bank 1,17,522 95.33% 4.67% 0.00%
27 South Indian Bank 96,423 96.58% 3.42% 0.00%
28 AU Small Finance bank 94,389 96.87% 3.13% 0.00%
29 Punjab and Sind Bank 84,603 93.71% 6.29% 0.00%
30 Equitas Small Finance Bank 76,760 66.05% 33.95% 0.00%
31 City Union Bank 75,390 91.83% 8.17% 0.00%
32 Jio Payments Bank 73,673 93.64% 6.36% 0.00%
33 NSDL Payments Bank 67,342 85.92% 14.08% 0.00%
34 Standard Chartered 63,123 98.57% 1.43% 0.00%
35 Tamilnad Mercantile Bank 57,928 96.32% 3.68% 0.00%
36 DBS Bank Ltd 56,198 97.50% 2.50% 0.00%
37 Saraswat Bank 47,701 96.50% 3.50% 0.00%
38 Rajasthan Marudhara Gramin Bank 43,810 95.60% 4.40% 0.00%
39 Fincare Small Finance Bank 42,384 94.12% 5.88% 0.00%
40 Pragathi Krishna Gramin Bank 41,129 92.45% 7.55% 0.00%
41 Kerala Gramin Bank 39,874 93.52% 6.48% 0.00%
42 Maharashtra Gramin Bank 37,737 95.65% 4.35% 0.00%
43 Andhra Pradesh Grameena Vikas Bank 36,089 95.51% 4.49% 0.00%
44 RBL Bank 31,553 89.69% 10.31% 0.00%
45 HSBC Bank 29,202 98.11% 1.89% 0.00%
46 Andhra Pragathi Grameena Bank 27,996 95.07% 4.93% 0.00%
47 Karnataka Vikas Grameena Bank 24,132 94.33% 5.67% 0.00%
48 Jana Small Finance Bank Ltd 18,346 47.06% 52.94% 0.00%
49 TJSB Sahakari Bank Ltd 18,189 96.68% 3.32% 0.00%
50 DCB Bank Ltd 16,026 96.76% 3.24% 0.00%

Remarks

  • Mandate Registration refers to the transaction wherein the consumer creates a recurring mandate against consumers account for the payments which are recurring in nature. For example: Utility bill payments, insurance premium etc.
AutoPay Remitter Banks - Mandate Execution (Sep'24)
Sr. No. Remitter Bank Total Volume Approved% BD% TD%
1 State Bank Of India 10,86,92,223 29.38% 69.62% 1.00%
2 HDFC BANK LTD 3,58,70,872 36.86% 63.05% 0.09%
3 Kotak Mahindra Bank 3,57,07,322 19.67% 79.64% 0.69%
4 Bank of Baroda 3,34,64,187 24.11% 75.73% 0.17%
5 Punjab National Bank 3,03,03,454 24.05% 75.75% 0.20%
6 Union Bank of India 2,96,96,278 22.19% 76.99% 0.82%
7 Axis Bank Ltd. 2,00,40,529 30.16% 69.80% 0.04%
8 Canara Bank 1,86,67,664 27.69% 71.89% 0.42%
9 India Post Payment Bank 1,70,08,105 9.38% 90.29% 0.33%
10 Airtel Payments Bank 1,59,97,458 9.87% 89.87% 0.26%
11 ICICI Bank 1,51,89,321 45.45% 54.52% 0.04%
12 Bank of India 1,46,82,322 26.30% 73.01% 0.70%
13 Indian Bank 1,36,62,190 23.26% 76.67% 0.07%
14 Central Bank Of India 77,39,387 24.33% 74.44% 1.23%
15 INDUSIND BANK 77,10,868 19.29% 80.30% 0.41%
16 Federal Bank 73,40,266 22.24% 77.65% 0.11%
17 UCO Bank 61,52,651 23.52% 75.12% 1.37%
18 Paytm Payments Bank 54,62,033 0.08% 99.50% 0.42%
19 Indian Overseas Bank 53,60,421 26.76% 70.67% 2.57%
20 IDBI Bank Limited 49,17,473 26.22% 73.09% 0.69%
21 Bank of Maharashtra 45,94,579 25.52% 72.87% 1.61%
22 IDFC Bank 36,14,504 21.05% 74.68% 4.27%
23 Yes Bank Ltd 33,05,711 21.70% 76.41% 1.88%
24 Karnataka Bank 26,82,064 30.23% 69.49% 0.28%
25 Punjab and Sind Bank 18,91,246 20.47% 79.06% 0.48%
26 AU small Finance Bank 18,38,477 23.66% 76.17% 0.17%
27 Karur Vysya Bank 16,70,062 29.35% 69.59% 1.06%
28 Jammu and Kashmir Bank 14,12,793 29.22% 69.45% 1.32%
29 Fincare Small Finance Bank Ltd 13,22,674 6.93% 92.95% 0.12%
30 Rajasthan Marudhara Gramin Bank 12,34,168 15.83% 82.35% 1.81%
31 DBS Bank India Limited 11,11,060 22.33% 77.64% 0.03%
32 South Indian Bank 11,07,468 37.18% 62.80% 0.02%
33 NSDL Payments Bank 10,49,387 8.80% 89.43% 1.77%
34 Equitas Bank 8,85,741 17.19% 82.74% 0.07%
35 Jio Payments Bank 8,63,828 14.20% 83.87% 1.94%
36 City Union Bank 8,39,271 32.78% 66.41% 0.81%
37 Tamilnad Mercantile Bank 8,25,245 28.21% 71.56% 0.23%
38 RBL 7,92,499 12.35% 86.15% 1.50%
39 Maharashtra Gramin Bank 7,49,116 14.82% 82.24% 2.94%
40 Saraswat Bank 7,27,141 29.82% 69.63% 0.54%
41 Andhra Pradesh Grameena Vikas Bank 6,51,918 17.43% 81.32% 1.25%
42 Pragathi Krishna Gramin Bank 5,75,660 25.26% 73.40% 1.34%
43 Standard Chartered 4,82,920 57.81% 41.70% 0.49%
44 Andhra Pragathi Grameena Bank 4,50,718 16.70% 76.79% 6.51%
45 UTKARSH SMALL FINANCE BANK LIMITED 4,31,653 15.05% 82.56% 2.39%
46 Indusind Bank M2P 4,16,575 13.07% 85.69% 1.25%
47 Kerala Gramin Bank 4,12,653 31.02% 68.06% 0.93%
48 Suryoday Small Finance Bank Ltd. 4,06,852 9.75% 89.98% 0.26%
49 Karnataka Vikas Grameena Bank 3,97,840 15.88% 77.33% 6.79%
50 CHATISGARH R G BANK 3,22,685 15.06% 82.53% 2.41%

Remarks

  • Execution refers to the transaction wherein the recurring debit is done on the remitting account.

Glossary

  • Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account, insufficient funds etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
  • Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
PSP Wise Registration
UPI Autopay Registration - Payer PSP Performance (Sep'24)
Sr. No. Payer PSP Total Volume Approved % TD % BD %
1 Yes Bank Ltd 96,87,305 94.76% 4.42% 0.00%
2 Axis Bank Ltd 73,76,718 94.68% 4.48% 0.00%
3 ICICI Bank 56,07,070 95.64% 3.94% 0.00%
4 HDFC Bank Ltd 32,12,135 93.43% 6.06% 0.00%
5 State Bank Of India 18,85,063 87.12% 11.76% 0.00%
6 BHIM 97,810 92.02% 6.41% 0.00%
7 Jio Payments Bank 5,635 69.12% 25.89% 0.00%
8 DBS Bank India Limited 2,882 92.05% 7.84% 0.00%
9 IndusInd Bank 1,788 79.53% 8.39% 0.00%
10 Canara Bank 1,405 71.60% 19.86% 0.00%
11 Bank of Baroda 1,368 82.53% 8.48% 0.00%
12 Central Bank Of India 886 77.43% 20.20% 0.00%
13 Punjab National Bank 390 0.26% 99.74% 0.00%
14 Dhanlaxmi Bank Ltd 27 33.33% 37.04% 0.00%
15 Equitas Small Finance Bank 2 50.00% 50.00% 0.00%
UPI Autopay Registration - Payee PSP Performance (Sep'24)
Sr. No. Payee PSP Total Volume Approved % TD % BD %
1 Yes Bank Ltd 1,16,53,317 96.96% 2.95% 0.00%
2 HDFC Bank Ltd 61,41,612 99.93% 0.07% 0.00%
3 Axis Bank Ltd 50,95,588 99.90% 0.10% 0.00%
4 ICICI Bank 25,79,466 99.40% 0.58% 0.00%
5 IndusInd Bank 6,06,741 99.97% 0.03% 0.00%
6 HSBC Bank 1,57,437 100.00% 0.00% 0.00%
7 IDFC FIRST Bank 59,357 99.43% 0.57% 0.00%
8 Kotak Mahindra Bank 6,566 100.00% 0.00% 0.00%

Glossary

  • Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
  • Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
  • PSP - Payment Service Provider
  • Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
  • Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.
PSP Wise Execution
UPI Autopay Execution - Payer PSP Performance (Sep'24)
Sr. No. Payer PSP Total Volume Approved % BD % TD %
1 Yes Bank Ltd 6,06,39,477 94.44% 5.49% 0.07%
2 Axis Bank Ltd 2,80,38,239 94.10% 5.89% 0.01%
3 ICICI Bank 2,06,76,384 94.53% 5.47% 0.01%
4 HDFC Bank Ltd 1,28,12,704 88.73% 11.27% 0.00%
5 State Bank Of India 59,24,424 98.20% 1.65% 0.15%
6 BHIM 5,52,982 93.31% 6.69% 0.00%
7 DBS Bank India Limited 19,691 44.53% 55.47% 0.00%
8 Jio Payments Bank 16,981 41.15% 5.29% 53.55%
9 IndusInd Bank 9,761 24.54% 75.46% 0.00%
10 Canara Bank 7,056 98.71% 1.29% 0.00%
11 Bank of Baroda 4,395 99.39% 0.61% 0.00%
12 Central Bank Of India 671 88.97% 10.28% 0.75%
13 Punjab National Bank 111 100.00% 0.00% 0.00%
14 Dhanlaxmi Bank Ltd 57 100.00% 0.00% 0.00%
15 Equitas Small Finance Bank 1 100.00% 0.00% 0.00%
UPI Autopay Execution - Payee PSP Performance (Sep'24)
Sr. No. Payee PSP Total Volume Approved % BD % TD %
1 Yes Bank Ltd 6,72,15,946 99.94% 0.01% 0.06%
2 HDFC Bank Ltd 1,92,24,603 99.86% 0.14% 0.00%
3 ICICI Bank 1,43,51,557 99.46% 0.05% 0.49%
4 Axis Bank Ltd 99,10,409 99.97% 0.02% 0.00%
5 IndusInd Bank 89,41,340 99.92% 0.08% 0.00%
6 HSBC Bank 5,96,668 98.98% 0.00% 1.02%
7 IDFC FIRST Bank 2,88,425 99.89% 0.02% 0.09%
8 Kotak Mahindra Bank 44,263 98.70% 0.01% 1.29%

Glossary

  • Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
  • Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
  • PSP - Payment Service Provider
  • Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
  • Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.