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AutoPay Banks Performance (May'25)
AutoPay Remitter Banks - Mandate Registration (May'25)
Sr. No. Remitter Bank Total Volume(Mn) Approved% BD% TD%
1 State Bank Of India 10.44 95.79% 4.00% 0.21%
2 HDFC Bank Ltd 3.71 86.97% 2.76% 10.27%
3 Bank of Baroda 2.87 93.76% 4.09% 2.15%
4 Punjab National Bank 2.53 93.37% 5.47% 1.16%
5 Union Bank of India 2.22 95.38% 4.62% 0.00%
6 Kotak Mahindra Bank 2.14 95.31% 4.61% 0.09%
7 Airtel Payments Bank 2.00 92.49% 6.18% 1.33%
8 Canara Bank 1.73 93.51% 6.41% 0.07%
9 Axis Bank Ltd 1.65 96.96% 3.02% 0.03%
10 ICICI Bank 1.63 97.37% 2.59% 0.04%
11 India Post Payment Bank 1.53 92.63% 7.08% 0.28%
12 Bank of India 1.19 94.51% 4.79% 0.70%
13 Indian Bank 1.15 95.86% 3.38% 0.76%
14 Central Bank Of India 0.70 93.34% 6.47% 0.18%
15 UCO Bank 0.60 95.13% 4.68% 0.19%
16 Fino Payments Bank 0.60 93.72% 5.53% 0.75%
17 Federal Bank 0.60 96.28% 3.67% 0.05%
18 Indian Overseas Bank 0.58 95.34% 4.60% 0.06%
19 IndusInd Bank 0.50 94.80% 5.18% 0.02%
20 IDBI Bank Limited 0.41 96.32% 3.05% 0.63%
21 Bank of Maharashtra 0.40 96.38% 3.53% 0.10%
22 Karnataka Bank 0.25 95.54% 4.01% 0.45%
23 IDFC FIRST Bank 0.25 96.57% 3.37% 0.06%
24 Yes Bank Ltd 0.24 93.70% 5.75% 0.56%
25 Jio Payments Bank 0.24 93.57% 6.29% 0.14%
26 Jammu and Kashmir Bank 0.20 95.40% 4.39% 0.21%
27 AU Small Finance bank 0.18 96.45% 3.51% 0.04%
28 Karur Vysya Bank 0.17 92.19% 6.99% 0.82%
29 NSDL Payments Bank 0.16 82.69% 4.67% 12.64%
30 Punjab and Sind Bank 0.14 94.68% 5.16% 0.15%
31 South Indian Bank 0.14 96.29% 3.70% 0.01%
32 Ujjivan Small Finance Bank 0.11 92.79% 7.13% 0.08%
33 City Union Bank 0.10 91.87% 6.94% 1.19%
34 Tamilnad Mercantile Bank 0.09 92.02% 3.91% 4.07%
35 Rajasthan Marudhara Gramin Bank 0.08 95.62% 4.15% 0.23%
36 DBS Bank Ltd 0.07 97.01% 2.97% 0.02%
37 Kerala Gramin Bank 0.07 93.57% 5.93% 0.51%
38 Standard Chartered 0.07 98.41% 1.47% 0.12%
39 Equitas Small Finance Bank 0.06 96.26% 3.72% 0.03%
40 Maharashtra Gramin Bank 0.06 95.63% 4.25% 0.13%
41 Pragathi Krishna Gramin Bank 0.06 90.84% 9.01% 0.15%
42 Saraswat Bank 0.06 96.18% 3.76% 0.06%
43 RBL Bank 0.05 88.43% 4.83% 6.75%
44 Andhra Pragathi Grameena Bank 0.05 94.88% 5.05% 0.07%
45 HSBC Bank 0.04 98.19% 1.55% 0.26%
46 Karnataka Vikas Grameena Bank 0.04 94.61% 5.38% 0.00%
47 Slice Small Finance Bank 0.03 96.38% 3.33% 0.29%
48 Jana Small Finance Bank Ltd 0.03 50.18% 3.42% 46.40%
49 The Gujarat State Cooperative Bank 0.03 94.23% 4.16% 1.61%
50 DCB Bank Ltd 0.02 96.03% 3.43% 0.55%

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 (May'25)
Sr. No. Remitter Bank Total Volume(Mn) Approved% BD% TD%
1 State Bank of India 184.29 33.29% 65.72% 0.99%
2 Bank of Baroda 54.65 28.51% 71.34% 0.15%
3 Kotak Mahindra Bank 52.64 23.28% 76.38% 0.35%
4 Union Bank Of India 48.96 27.09% 72.74% 0.17%
5 Punjab national Bank 46.72 28.89% 70.92% 0.19%
6 AIRTEL PAYMENTS BANK LIMITED 44.59 9.24% 89.91% 0.85%
7 Canara Bank 34.75 30.68% 68.92% 0.40%
8 INDIA POST PAYMENTS BANK LIMITED 33.58 11.91% 87.87% 0.22%
9 HDFC Bank 52.72 41.18% 58.75% 0.07%
10 Axis Bank 31.51 33.09% 66.88% 0.03%
11 Indian Bank 25.14 25.26% 74.39% 0.34%
12 Bank Of India 24.01 30.29% 68.19% 1.51%
13 ICICI Bank 21.72 47.71% 52.26% 0.04%
14 Central Bank of India 12.47 28.74% 70.62% 0.64%
15 Indusind Bank 13.19 20.39% 360.99% 0.63%
16 Fino Payments Bank Limited 11.76 11.02% 88.78% 0.20%
17 Federal Bank 11.71 24.04% 75.66% 0.30%
18 Indian Overseas Bank 11.51 25.53% 74.20% 0.27%
19 UCO Bank 11.48 25.73% 73.84% 0.43%
20 IDBI Bank 8.05 32.05% 67.28% 0.68%
21 Bank of Maharashtra 7.06 30.38% 69.43% 0.18%
22 Karnataka Bank 6.41 31.59% 68.02% 0.40%
23 IDFC First Bank Ltd 5.62 26.33% 73.53% 0.15%
24 YES BANK LIMITED 5.43 22.26% 76.78% 0.96%
25 AU SMALL FINANCE BANK 4.71 19.90% 79.82% 0.29%
26 JIO PAYMENTS BANK LTD 3.56 12.54% 87.06% 0.40%
27 Paytm Payments Bank Limited 3.08 0.03% 99.89% 0.08%
28 Karur Vysya Bank 2.99 32.44% 67.40% 0.15%
29 The Jammu & Kashmir Bank Limited 2.98 27.80% 71.48% 0.72%
30 Punjab and Sind Bank 2.95 24.68% 74.73% 0.59%
31 NSDL Payments Bank Limited 2.87 8.66% 90.60% 0.74%
32 The South Indian Bank Limited 2.05 36.74% 63.22% 0.05%
33 Rajasthan Marudhara Gramin Bank 1.92 20.06% 78.18% 1.76%
34 City Union Bank 1.92 29.09% 69.53% 1.38%
35 Tamilnad Mercantile Bank Limited 1.61 30.79% 69.09% 0.13%
36 Maharashtra Gramin Bank 1.55 16.73% 80.11% 3.16%
37 DBS Bank India Limited 1.50 27.00% 72.93% 0.07%
38 Karnataka Gramin Bank (Erstwhile Pragathi Krishna Gramin Bank) 1.49 27.47% 69.81% 2.72%
39 UJJIVAN SMALL FINANCE BANK LIMITED 1.48 25.92% 73.91% 0.17%
40 RBL Bank Limited 1.32 13.71% 84.81% 1.48%
41 Andhra Pragathi Grameena Bank 1.19 16.68% 79.25% 4.07%
42 Karnataka Vikas Grameena Bank 1.14 17.37% 80.63% 2.00%
43 Andhra Pradesh Grameena Vikas Bank 1.13 5.60% 93.37% 1.02%
44 EQUITAS SMALL FINANCE BANK 1.12 17.78% 82.10% 0.13%
45 Saraswat Co-operative Bank 1.01 35.43% 64.54% 0.04%
46 TELANGANA GRAMEENA BANK 0.98 22.40% 76.38% 1.22%
47 KERALA GRAMIN BANK 0.93 29.99% 67.08% 2.93%
48 Standard Chartered Bank 0.86 43.99% 55.60% 0.41%
49 UTKARSH SMALL FINANCE BANK LIMITED 0.71 19.15% 80.68% 0.17%
50 SURYODAY SMALL FINANCE BANK LIMITED 0.64 12.31% 87.33% 0.36%

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 (May'25)
Sr. No. Payer PSP Total Volume (Mn) Approved % BD % TD %
1 Yes Bank Ltd 15.98 92.92% 3.78% 3.30%
2 Axis Bank Ltd 11.39 93.02% 3.67% 3.31%
3 ICICI Bank 8.53 93.77% 3.25% 2.97%
4 HDFC Bank Ltd 4.33 91.54% 5.37% 3.09%
5 State Bank Of India 2.66 87.84% 9.74% 2.42%
6 BHIM 0.23 90.62% 6.74% 2.64%
7 Slice Small Finance Bank 0.06 92.48% 0.53% 7.00%
8 Kotak Mahindra Bank 0.03 87.80% 10.64% 1.56%
9 RBL Bank 0.02 89.81% 4.88% 5.31%
10 Jio Payments Bank 0.01 44.68% 19.21% 36.11%

* All Payer and Payee PSP contributing to total volume of more than 10,000 are listed above.

UPI Autopay Registration - Payee PSP Performance (May'25)
Sr. No. Payee PSP Total Volume (Mn) Approved % BD % TD %
1 Yes Bank Ltd 19.03 92.78% 1.33% 5.89%
2 HDFC Bank Ltd 8.41 99.52% 0.21% 0.27%
3 Axis Bank Ltd 8.04 99.89% 0.05% 0.06%
4 ICICI Bank 4.57 96.48% 0.84% 2.69%
5 IndusInd Bank 0.77 99.33% 0.47% 0.21%
6 RBL Bank 0.34 99.99% 0.01% 0.01%
7 HSBC Bank 0.26 100.00% 0.00% 0.00%
8 IDFC FIRST Bank 0.14 97.51% 1.68% 0.81%
9 Kotak Mahindra Bank 0.08 99.97% 0.01% 0.02%
10 Airtel Payments Bank 0.03 94.28% 0.02% 5.70%

* All Payer and Payee PSP contributing to total volume of more than 10,000 are listed above.

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 (May'25)
Sr. No. Payer PSP Total Volume(Mn) Approved % BD % TD %
1 Yes Bank Ltd 100.14 98.57% 1.40% 0.04%
2 Axis Bank Ltd 55.42 98.50% 1.47% 0.03%
3 ICICI Bank 38.69 97.99% 1.96% 0.05%
4 HDFC Bank Ltd 22.78 98.40% 1.59% 0.01%
5 State Bank Of India 14.25 99.46% 0.53% 0.00%
6 BHIM 0.94 89.24% 10.76% 0.00%
7 Kotak Mahindra Bank 0.12 42.39% 57.60% 0.00%
8 Slice Small Finance Bank 0.08 74.15% 20.35% 5.50%
9 Jio Payments Bank 0.06 14.55% 4.85% 80.60%
10 RBL Bank 0.05 99.29% 0.71% 0.00%
11 Federal Bank 0.04 29.37% 70.63% 0.00%
12 DBS Bank India Limited 0.03 34.16% 65.83% 0.01%
13 Canara Bank 0.01 98.01% 1.99% 0.00%
14 IndusInd Bank 0.01 23.42% 76.58% 0.00%

* All Payer and Payee PSP contributing to total volume of more than 10,000 are listed above.

UPI Autopay Execution - Payee PSP Performance (May'25)
Sr. No. Payee PSP Total Volume(Mn) Approved % BD % TD %
1 Yes Bank Ltd 140.74 99.97% 0.00% 0.03%
2 HDFC Bank Ltd 39.36 99.94% 0.04% 0.02%
3 ICICI Bank 20.22 99.89% 0.04% 0.07%
4 Axis Bank Ltd 18.53 99.94% 0.03% 0.04%
5 IndusInd Bank 7.22 99.48% 0.00% 0.52%
6 HSBC Bank 1.52 82.44% 0.01% 17.56%
7 IDFC FIRST Bank 0.71 100.00% 0.00% 0.00%
8 RBL Bank 0.70 99.99% 0.01% 0.00%
9 Kotak Mahindra Bank 0.21 99.98% 0.01% 0.02%
10 Airtel Payments Bank 0.03 99.97% 0.00% 0.03%

* All Payer and Payee PSP contributing to total volume of more than 10,000 are listed above.

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.