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AutoPay Banks Performance (Mar'24)
AutoPay Remitter Banks - Mandate Registration (Mar'24)
Sr. No. Remitter Bank Total Volume Approved% BD% TD%
1 State Bank Of India 39,16,231 99.61% 0.39% 0.00%
2 HDFC Bank Ltd 16,78,225 99.95% 0.05% 0.00%
3 ICICI Bank 9,02,223 99.27% 0.73% 0.00%
4 Bank of Baroda 8,92,157 98.81% 1.19% 0.00%
5 Punjab National Bank 8,65,304 99.92% 0.08% 0.00%
6 Kotak Mahindra Bank 8,60,384 99.87% 0.13% 0.00%
7 Union Bank of India 7,82,568 99.94% 0.06% 0.00%
8 Axis Bank Ltd 7,22,253 99.87% 0.13% 0.00%
9 Canara Bank 6,26,275 98.81% 1.19% 0.00%
10 Bank of India 4,17,072 99.53% 0.47% 0.00%
11 Indian Bank 3,82,490 98.92% 1.08% 0.00%
12 India Post Payment Bank 3,02,043 94.85% 5.15% 0.00%
13 Federal Bank 2,81,630 99.44% 0.56% 0.00%
14 Central Bank Of India 2,57,897 90.98% 9.02% 0.00%
15 IDBI Bank Limited 2,14,120 75.79% 24.21% 0.00%
16 UCO Bank 1,90,208 99.49% 0.51% 0.00%
17 Indian Overseas Bank 1,83,330 99.24% 0.76% 0.00%
18 IndusInd Bank 1,71,623 99.55% 0.45% 0.00%
19 Bank of Maharashtra 1,34,891 97.46% 2.54% 0.00%
20 IDFC FIRST Bank 1,05,517 99.97% 0.03% 0.00%
21 Yes Bank Ltd 97,989 99.22% 0.78% 0.00%
22 Karnataka Bank 86,492 98.71% 1.29% 0.00%
23 Karur Vysya Bank 68,155 97.42% 2.58% 0.00%
24 South Indian Bank 65,790 99.95% 0.05% 0.00%
25 Equitas Small Finance Bank 60,845 55.88% 44.12% 0.00%
26 AU Small Finance bank 56,621 99.78% 0.22% 0.00%
27 Punjab and Sind Bank 48,420 98.27% 1.73% 0.00%
28 City Union Bank 46,299 99.92% 0.08% 0.00%
29 Standard Chartered 44,604 99.90% 0.10% 0.00%
30 Jammu and Kashmir Bank 41,605 99.84% 0.16% 0.00%
31 DBS Bank Ltd 37,640 99.84% 0.16% 0.00%
32 Tamilnad Mercantile Bank 31,459 99.06% 0.94% 0.00%
33 Fincare Small Finance Bank 26,285 99.88% 0.12% 0.00%
34 Rajasthan Marudhara Gramin Bank 25,524 98.63% 1.37% 0.00%
35 Saraswat Bank 24,738 99.72% 0.28% 0.00%
36 Kerala Gramin Bank 21,994 99.60% 0.40% 0.00%
37 Jio Payments Bank 21,825 99.96% 0.04% 0.00%
38 Andhra Pradesh Grameena Vikas Bank 20,749 97.77% 2.23% 0.00%
39 HSBC Bank 18,634 98.99% 1.01% 0.00%
40 RBL Bank 16,648 94.58% 5.42% 0.00%
41 Maharashtra Gramin Bank 16,636 99.98% 0.02% 0.00%
42 NSDL Payments Bank 16,106 90.62% 9.38% 0.00%
43 Pragathi Krishna Gramin Bank 15,478 93.73% 6.27% 0.00%
44 Andhra Pragathi Grameena Bank 14,945 99.83% 0.17% 0.00%
45 Cosmos Bank 14,257 83.99% 16.01% 0.00%
46 DCB Bank Ltd 9,020 99.49% 0.51% 0.00%
47 TJSB Sahakari Bank Ltd 8,945 99.73% 0.27% 0.00%
48 Catholic Syrian Bank 8,925 97.31% 2.69% 0.00%
49 Dhanlaxmi Bank Ltd 7,969 99.49% 0.51% 0.00%
50 Karnataka Vikas Grameena Bank 7,908 99.87% 0.13% 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 (Mar'24)
Sr. No. Remitter Bank Total Volume Approved% BD% TD%
1 State Bank Of India 5,43,30,625 34.64% 64.54% 0.82%
2 Kotak Mahindra Bank 1,71,99,887 24.82% 75.08% 0.11%
3 HDFC BANK LTD 1,65,40,489 48.99% 50.91% 0.10%
4 Bank of Baroda 1,55,06,602 28.95% 70.74% 0.31%
5 Union Bank of India 1,43,19,691 27.68% 71.19% 1.13%
6 Punjab National Bank 1,36,22,148 30.68% 69.16% 0.16%
7 Canara Bank 89,88,606 33.84% 65.36% 0.80%
8 Axis Bank Ltd. 87,61,950 40.60% 59.38% 0.03%
9 ICICI Bank 82,60,623 53.23% 46.61% 0.16%
10 India Post Payment Bank 75,31,587 11.03% 85.07% 3.90%
11 Bank of India 73,59,446 30.54% 68.81% 0.66%
12 Indian Bank 69,56,014 26.88% 72.58% 0.54%
13 PTI 68,90,219 1.14% 98.62% 0.24%
14 Paytm Payments Bank 57,28,830 6.68% 93.19% 0.13%
15 Federal Bank 40,40,011 26.32% 73.56% 0.11%
16 INDUSIND BANK 36,97,914 25.08% 74.22% 0.71%
17 Central Bank Of India 36,35,671 28.82% 68.89% 2.29%
18 UCO Bank 29,12,748 25.60% 73.09% 1.31%
19 IDBI Bank Limited 27,23,327 26.69% 72.90% 0.41%
20 Indian Overseas Bank 25,65,677 31.63% 67.24% 1.13%
21 Bank of Maharashtra 21,49,455 29.33% 68.27% 2.40%
22 IDC 19,44,677 26.73% 72.43% 0.83%
23 Yes Bank Ltd 16,72,697 25.54% 73.94% 0.52%
24 Karnataka Bank 13,54,539 35.49% 63.92% 0.59%
25 Punjab and Sind Bank 9,06,670 23.76% 73.15% 3.09%
26 Karur Vysya Bank 8,17,599 39.19% 54.57% 6.23%
27 AU small Finance Bank 7,66,046 30.35% 69.33% 0.32%
28 Fincare Small Finance Bank Ltd 7,61,859 8.75% 91.03% 0.21%
29 Equitas Bank 6,78,013 16.77% 83.19% 0.04%
30 Rajasthan Marudhara Gramin Bank 6,34,603 17.91% 79.00% 3.10%
31 DBS Bank India Limited 6,30,612 27.84% 71.09% 1.06%
32 City Union Bank 5,84,288 23.97% 75.56% 0.47%
33 South Indian Bank 5,18,192 46.62% 53.37% 0.02%
34 Tamilnad Mercantile Bank 4,76,260 30.16% 68.34% 1.50%
35 RBL 4,48,731 10.74% 82.40% 6.86%
36 Andhra Pradesh Grameena Vikas Bank 4,19,092 20.42% 76.95% 2.63%
37 Maharashtra Gramin Bank 3,67,795 15.28% 83.12% 1.60%
38 Saraswat Bank 3,08,110 39.72% 60.01% 0.27%
39 NSDL Payments Bank 3,05,937 10.50% 88.32% 1.18%
40 Pragathi Krishna Gramin Bank 2,69,276 27.72% 71.37% 0.91%
41 Standard Chartered 2,62,306 61.72% 38.18% 0.10%
42 Jio Payments Bank 2,59,803 14.27% 84.51% 1.22%
43 Andhra Pragathi Grameena Bank 2,47,206 19.59% 77.13% 3.28%
44 CHATISGARH R G BANK 2,29,943 14.19% 82.97% 2.84%
45 UTKARSH SMALL FINANCE BANK LIMITED 2,09,624 16.53% 82.25% 1.22%
46 Karnataka Vikas Grameena Bank 1,84,788 16.69% 77.51% 5.79%
47 Suryoday Small Finance Bank Ltd. 1,81,125 13.08% 86.72% 0.21%
48 Telangana Grameena bank 1,61,309 23.68% 75.45% 0.87%
49 Kerala Gramin Bank 1,50,004 36.77% 62.53% 0.70%
50 TJSB Sahakari Bank Ltd 1,35,770 34.41% 64.84% 0.74%

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 (Mar'24)
Sr. No. Payer PSP Total Volume Approved % BD% TD%
1 Yes Bank Ltd 47,68,237 93.18% 6.65% 0.00%
2 Axis Bank Ltd 34,79,213 92.83% 6.80% 0.00%
3 ICICI Bank 26,61,105 93.14% 6.59% 0.00%
4 Paytm Payments Bank 24,12,905 90.82% 8.67% 0.00%
5 HDFC Bank Ltd 14,88,958 90.48% 9.31% 0.00%
6 State Bank Of India 10,60,083 86.03% 13.88% 0.00%
7 BHIM 1,21,820 90.53% 9.13% 0.00%
8 Jio Payments Bank 7,944 86.87% 10.37% 0.00%
9 DBS Bank India Limited 2,494 94.83% 5.09% 0.00%
10 Canara Bank 1,624 92.06% 7.02% 0.00%
11 IndusInd Bank 901 76.80% 23.20% 0.00%
12 Central Bank Of India 616 79.22% 20.62% 0.00%
13 Bank of India 205 74.63% 23.90% 0.00%
14 Dhanlaxmi Bank Ltd 17 64.71% 23.53% 0.00%
15 Punjab National Bank 13 69.23% 30.77% 0.00%
16 Equitas Small Finance Bank 4 100.00% 0.00% 0.00%
UPI Autopay Registration - Payee PSP Performance (Mar'24)
Sr. No. Payee PSP Total Volume Approved % BD % TD %
1 Yes Bank Ltd 37,71,302 96.28% 3.58% 0.00%
2 HDFC Bank Ltd 32,21,797 99.94% 0.06% 0.00%
3 ICICI Bank 30,07,260 99.82% 0.18% 0.00%
4 Axis Bank Ltd 22,90,947 99.84% 0.16% 0.00%
5 Paytm Payments Bank 19,19,410 93.30% 6.47% 0.00%
6 IndusInd Bank 6,56,395 99.94% 0.06% 0.00%
7 HSBC Bank 1,09,883 100.00% 0.00% 0.00%
8 IDFC FIRST Bank 37,610 100.00% 0.00% 0.00%
9 Kotak Mahindra Bank 10,789 100.00% 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 (Mar'24)
Sr. No. Payer PSP Total Volume Approved % BD % TD %
1 Yes Bank Ltd 2,46,49,756 98.29% 1.70% 0.01%
2 Paytm Payments Bank 1,71,60,797 98.82% 1.18% 0.00%
3 Axis Bank Ltd 1,19,33,209 96.89% 3.10% 0.01%
4 ICICI Bank 1,04,73,971 96.21% 3.78% 0.01%
5 HDFC Bank Ltd 51,71,076 97.02% 2.97% 0.01%
6 State Bank Of India 25,57,434 95.88% 4.12% 0.00%
7 BHIM 3,65,870 89.95% 10.05% 0.00%
8 Jio Payments Bank 20,963 37.17% 1.16% 61.67%
9 DBS Bank India Limited 13,693 52.17% 47.81% 0.03%
10 Canara Bank 6,214 99.18% 0.82% 0.00%
11 IndusInd Bank 2,501 44.78% 55.22% 0.00%
12 Bank of India 1,532 43.08% 56.92% 0.00%
13 Central Bank Of India 480 87.92% 12.08% 0.00%
14 Punjab National Bank 168 100.00% 0.00% 0.00%
15 Dhanlaxmi Bank Ltd 68 100.00% 0.00% 0.00%
16 Equitas Small Finance Bank 3 100.00% 0.00% 0.00%
UPI Autopay Execution - Payee PSP Performance (Mar'24)
Sr. No. Payee PSP Total Volume Approved % BD % TD %
1 Yes Bank Ltd 2,78,87,168 99.96% 0.00% 0.04%
2 Paytm Payments Bank 1,53,46,278 99.87% 0.13% 0.01%
3 ICICI Bank 1,06,50,415 99.68% 0.15% 0.17%
4 HDFC Bank Ltd 89,46,560 99.89% 0.11% 0.00%
5 Axis Bank Ltd 48,47,807 99.88% 0.11% 0.01%
6 IndusInd Bank 28,04,151 99.67% 0.12% 0.21%
7 IDFC FIRST Bank 1,33,581 99.93% 0.00% 0.07%
8 HSBC Bank 1,08,778 99.77% 0.01% 0.23%
9 Kotak Mahindra Bank 39,601 99.79% 0.01% 0.21%

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.