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AutoPay Banks Performance (Apr'23)
AutoPay Remitter Banks - Mandate Registration (Apr'23)
Sr. No. Remitter Bank Total Volume Approved% BD% TD%
1 State Bank Of India 19,20,478 95.45% 3.90% 0.64%
2 HDFC Bank Ltd 8,52,960 96.75% 2.77% 0.47%
3 ICICI Bank 5,00,040 93.78% 2.28% 3.94%
4 Bank of Baroda 4,64,914 87.90% 11.75% 0.35%
5 Paytm Payments Bank 4,41,428 87.81% 12.15% 0.05%
6 Kotak Mahindra Bank 3,78,692 95.14% 4.11% 0.75%
7 Punjab National Bank 3,76,932 92.77% 4.57% 2.67%
8 Union Bank of India 3,69,277 93.98% 5.35% 0.66%
9 Axis Bank Ltd 3,65,041 96.56% 3.40% 0.04%
10 Canara Bank 2,96,519 93.07% 6.68% 0.25%
11 Bank of India 2,02,792 94.80% 4.93% 0.28%
12 Indian Bank 1,68,962 95.78% 3.44% 0.78%
13 India Post Payment Bank 1,59,739 79.92% 9.61% 10.47%
14 Federal Bank 1,42,872 98.17% 1.73% 0.10%
15 Central Bank Of India 1,20,225 92.61% 5.96% 1.43%
16 UCO Bank 1,13,054 87.54% 5.87% 6.59%
17 IDBI Bank Limited 92,683 93.75% 4.43% 1.83%
18 Indian Overseas Bank 90,590 69.85% 29.55% 0.61%
19 IndusInd Bank 70,595 92.83% 5.73% 1.45%
20 Bank of Maharashtra 68,204 87.12% 11.52% 1.36%
21 IDFC FIRST Bank 55,577 94.87% 4.65% 0.48%
22 Yes Bank Ltd 49,387 86.42% 13.06% 0.52%
23 Karnataka Bank 46,995 86.77% 4.24% 8.99%
24 Karur Vysya Bank 35,989 91.65% 7.79% 0.56%
25 South Indian Bank 32,778 95.69% 4.16% 0.15%
26 Equitas Small Finance Bank 26,963 97.27% 2.73%
27 Punjab and Sind Bank 25,310 88.78% 7.62% 3.61%
28 DBS Bank Ltd 24,406 97.06% 2.84% 0.10%
29 City Union Bank 22,772 91.25% 7.23% 1.52%
30 Standard Chartered 22,107 99.62% 0.38%
31 Tamilnad Mercantile Bank 16,576 96.18% 3.76% 0.06%
32 Saraswat Bank 13,691 96.28% 3.16% 0.56%
33 Rajasthan Marudhara Gramin Bank 12,742 94.70% 4.30% 1.00%
34 RBL Bank 10,780 88.41% 11.44% 0.15%
35 Kerala Gramin Bank 10,380 93.85% 6.05% 0.10%
36 Andhra Pradesh Grameena Vikas Bank 10,233 93.84% 5.49% 0.66%
37 Fincare Small Finance Bank 9,871 88.31% 6.43% 5.26%
38 HSBC Bank 9,546 98.18% 1.52% 0.30%
39 Andhra Pragathi Grameena Bank 8,962 58.35% 40.57% 1.08%
40 Maharashtra Gramin Bank 8,557 94.13% 5.47% 0.40%
41 Pragathi Krishna Gramin Bank 7,884 82.69% 12.98% 4.34%
42 Cosmos Bank 6,743 89.40% 3.28% 7.33%
43 Jio Payments Bank 6,150 86.42% 11.14% 2.44%
44 NSDL Payments Bank 6,038 91.02% 6.28% 2.70%
45 Catholic Syrian Bank 4,761 95.30% 3.72% 0.99%
46 TJSB Sahakari Bank Ltd 4,620 96.41% 3.23% 0.37%
47 Dhanlaxmi Bank Ltd 4,078 95.66% 3.60% 0.74%
48 Bharat Co-op Bank Mumbai 3,788 80.12% 18.03% 1.85%
49 Karnataka Vikas Grameena Bank 3,430 93.56% 5.31% 1.14%
50 Utkarsh Small Finance Bank 2,595 90.17% 9.09% 0.73%

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 (Apr'23)
Sr. No. Remitter Bank Total Volume Approved% BD% TD%
1 State Bank Of India 1,70,25,747 52.09% 45.87% 2.05%
2 HDFC Bank Ltd 54,18,614 70.72% 28.58% 0.70%
3 Paytm Payments Bank 47,77,525 29.59% 70.11% 0.31%
4 Bank of Baroda 42,90,895 45.08% 54.58% 0.34%
5 Kotak Mahindra Bank 38,89,438 40.77% 58.60% 0.63%
6 Punjab National Bank 34,43,017 49.22% 50.07% 0.70%
7 Union Bank of India 34,13,397 46.41% 52.40% 1.18%
8 ICICI Bank 32,30,214 72.55% 27.19% 0.26%
9 Axis Bank Ltd 27,07,267 61.03% 38.56% 0.41%
10 Canara Bank 22,33,355 52.75% 46.68% 0.57%
11 Bank of India 21,51,450 50.96% 48.26% 0.78%
12 India Post Payment Bank 20,81,316 13.83% 79.19% 6.98%
13 Indian Bank 14,43,758 48.04% 50.18% 1.78%
14 Federal Bank 12,74,565 34.38% 64.17% 1.45%
15 Central Bank Of India 12,32,197 41.21% 57.00% 1.79%
16 UCO Bank 8,45,531 21.67% 68.24% 10.08%
17 IndusInd Bank 6,89,292 49.04% 50.29% 0.68%
18 Indian Overseas Bank 6,29,620 42.45% 56.82% 0.73%
19 Bank of Maharashtra 5,73,250 48.31% 50.00% 1.69%
20 IDBI Bank Limited 5,67,646 44.26% 40.38% 15.35%
21 IDFC FIRST Bank 4,32,739 45.14% 53.68% 1.17%
22 Yes Bank Ltd 4,20,726 42.67% 54.77% 2.56%
23 Equitas Small Finance Bank 4,17,153 21.83% 78.08% 0.09%
24 Punjab and Sind Bank 2,34,820 36.28% 50.27% 13.45%
25 Karur Vysya Bank 2,02,669 58.63% 40.72% 0.65%
26 DBS Bank Ltd 1,80,564 48.04% 49.92% 2.04%
27 Karnataka Bank 1,52,386 44.16% 49.96% 5.88%
28 Rajasthan Marudhara Gramin Bank 1,12,936 32.19% 64.04% 3.77%
29 City Union Bank 1,08,442 48.40% 49.81% 1.79%
30 South Indian Bank 99,820 65.95% 33.89% 0.16%
31 Fincare Small Finance Bank Ltd 99,149 21.15% 75.02% 3.83%
32 RBL Bank 75,542 26.74% 23.97% 49.29%
33 Andhra Pradesh Grameena Vikas Bank 69,074 32.72% 62.56% 4.72%
34 Saraswat Bank 58,141 64.63% 34.93% 0.44%
35 HSBC Bank 50,950 76.32% 23.58% 0.10%
36 Utkarsh Small Finance Bank Ltd 50,622 13.36% 85.18% 1.46%
37 NSDL Payments Bank 48,195 13.84% 83.88% 2.28%
38 SBM Bank India Ltd. 41,742 3.56% 6.74% 89.70%
39 Andhra Pragathi Grameena Bank 39,581 31.80% 63.26% 4.94%
40 Pragathi Krishna Gramin Bank 39,130 46.33% 53.26% 0.41%
41 Jio Payments Bank 36,352 22.03% 77.27% 0.70%
42 CSB Bank Ltd 31,359 38.73% 54.62% 6.66%
43 TJSB Sahakari Bank Ltd 30,656 55.26% 44.43% 0.32%
44 Kerala Gramin Bank 25,390 53.95% 45.66% 0.39%
45 Suryoday Small Finance Bank Ltd. 24,540 26.01% 71.10% 2.89%
46 Dhanlaxmi Bank Ltd 22,245 48.61% 50.80% 0.58%
47 Standard Chartered 21,883 46.07% 53.08% 0.85%
48 Tamilnad Mercantile Bank 15,825 89.43% 10.09% 0.47%
49 Janata Sahakari Bank Ltd. Pune 14,797 55.06% 44.66% 0.28%
50 GP Parsik Bank 13,400 55.19% 44.57% 0.24%

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 (Apr'23)
Sr. No. Payer PSP Total Volume Approved % BD % Th %
1 Yes Bank Ltd 25,78,720 93.33% 6.53% 0.14%
2 Paytm Payments Bank 17,89,015 90.27% 9.49% 0.24%
3 Axis Bank Ltd 12,33,844 88.98% 10.81% 0.21%
4 ICICI Bank 10,92,645 90.12% 9.47% 0.41%
5 HDFC Bank Ltd 6,55,370 86.22% 13.36% 0.43%
6 State Bank Of India 5,72,405 82.28% 17.23% 0.49%
7 BHIM 54,860 93.90% 4.55% 1.56%
8 DBS Bank India Limited 1,901 97.58% 1.63% 0.79%
9 Jio Payments Bank 1,576 79.70% 17.20% 3.11%
10 Canara Bank 415 67.71% 30.36% 1.93%
11 Bank of India 280 73.93% 19.29% 6.79%
12 Punjab National Bank 69 21.74% 7.25% 71.01%
13 IndusInd Bank 53 66.04% 3.77% 30.19%
14 Dhanlaxmi Bank Ltd 16 81.25% 12.50% 6.25%
UPI Autopay Registration - Payee PSP Performance (Apr'23)
Sr. No. Payee PSP Total Volume Approved % BD % TD %
1 ICICI Bank 20,94,928 100.00% 0.00% 0.00%
2 Yes Bank Ltd 19,93,787 100.00% 0.00% 0.00%
3 Axis Bank Ltd 19,12,395 100.00% 0.00% 0.00%
4 HDFC Bank Ltd 13,86,128 100.00% 0.00% 0.00%
5 Paytm Payments Bank 11,12,692 100.00% 0.00% 0.00%
6 IndusInd Bank 23,510 100.00% 0.00% 0.00%
7 HSBC Bank 796 100.00% 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 (Apr'23)
Sr. No. Payer PSP Total Volume Approved % BD % TD %
1 Yes Bank Ltd 1,32,40,776 98.63% 1.37% 0.00%
2 Paytm Payments Bank 93,92,347 98.40% 1.47% 0.13%
3 Axis Bank Ltd 38,40,953 98.45% 1.54% 0.01%
4 ICICI Bank 33,80,564 97.81% 2.19% 0.00%
5 HDFC Bank Ltd 16,33,435 90.23% 9.76% 0.00%
6 State Bank Of India 6,25,603 90.18% 9.77% 0.05%
7 BHIM 3,53,979 85.49% 14.40% 0.11%
8 Jio Payments Bank 10,065 10.54% 46.23% 43.23%
9 DBS Bank India Limited 6,910 57.34% 42.66% 0.00%
10 Bank of India 853 54.28% 45.72% 0.00%
11 Canara Bank 714 99.58% 0.42% 0.00%
12 IndusInd Bank 93 78.49% 21.51% 0.00%
13 Dhanlaxmi Bank Ltd 38 100.00% 0.00% 0.00%
14 Punjab National Bank 18 100.00% 0.00% 0.00%
UPI Autopay Execution - Payee PSP Performance (Apr'23)
Sr. No. Payee PSP Total Volume Approved % BD % TD %
1 Yes Bank Ltd 3,16,29,245 100.00% 0.00% 0.00%
2 Paytm Payments Bank 1,96,52,567 100.00% 0.00% 0.00%
3 HDFC Bank Ltd 62,36,453 100.00% 0.00% 0.00%
4 ICICI Bank 54,78,420 100.00% 0.00% 0.00%
5 Axis Bank Ltd 31,84,926 100.00% 0.00% 0.00%
6 IndusInd Bank 50,254 100.00% 0.00% 0.00%
7 HSBC Bank 20,791 100.00% 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.