Why is the UPI AutoPay limit set to ₹15,000 if my loan is below that amount?

Modified on Tue, 17 Dec, 2024 at 4:53 PM

The UPI AutoPay limit is set to ₹15,000 to allow flexibility for future payments. This is the maximum limit for auto-pay transactions. However, you will only be charged the exact EMI amount for your loan, with no extra charges beyond that.