Can I Get a Personal Loan if I Just Started a New Job?

Starting a new job is exciting but what if you need funds right away? The good news is that getting a loan for freshers is possible, even with limited work experience, if you meet basic eligibility criteria. 

Tips for Getting a Loan with a New Job 

If you’ve recently joined a company, here’s how you can improve your chances of getting a loan for freshers: 

  • Wait until you receive a few salaries 

Most lenders prefer at least 2–3 salary credits in your bank account to confirm income stability. 

  • Maintain a strong credit profile 

A credit score of 700–750+ significantly improves approval chances and helps you get better interest rates. 

  • Apply with your salary account bank 

Banks where your salary is credited are more likely to trust your repayment capacity. 

  • Keep EMI obligations low 

Lenders prefer your total EMIs to stay within 40–50% of your monthly income. 

  • Consider smaller loan amounts initially 

Starting with a smaller ticket size builds trust and repayment history. 

  • Add a co-applicant if needed 

A financially stable co-applicant can increase approval chances for a personal loan for freshers. 

How Does Employment Affect Your Personal Loan Eligibility? 

Your job plays a major role in whether your loan gets approved: 

  • Job stability matters 

Lenders prefer applicants with consistent employment as it indicates steady income. 

  • Work experience requirement 

Many lenders expect at least 6–12 months of total work experience and a few months in their current job. 

  • Probation period can be a hurdle 

Some lenders may ask you to complete probation (typically 3–6 months) before approval. 

  • Employer profile impacts approval 

Working with reputed companies or MNCs increases credibility. 

  • Income consistency is key 

Regular salary credits assure lenders of repayment capacity. 

Basic Eligibility for Freshers 

Criteria  Typical Requirement  
Age  21–60 years  
Monthly Income  ₹15,000–₹30,000+ (varies by city)  
Credit Score  700–750+ preferred   
Work Experience  6–12 months (overall)  
Current Job Tenure  2–6 months (minimum for many lenders)  
Employment Type  Salaried (preferred for freshers)  
Documents  Salary slips, bank statements, ID proof 

Key Considerations for Getting a Loan with New Job 

Before applying for a personal loan for freshers, keep these in mind: 

  • Credit history is helpful but not mandatory 

RBI has clarified that lack of credit history alone cannot be a reason for rejection. 

  • Higher risk = higher interest rates 

Freshers may get slightly higher rates due to limited credit history. 

  • Loan amount may be limited initially 

Lenders may offer smaller amounts until you build repayment credibility. 

  • Employment verification is strict 

Banks verify job details through salary slips, bank statements, and employer checks. 

  • Frequent job changes can reduce eligibility 

Stability is a key factor lenders evaluate. 

Final Thoughts 

Getting a loan for freshers is no longer difficult but lenders still look for signs of stability. Even if you’ve just started working, focusing on income consistency, credit score, and smart borrowing can help you secure a personal loan for freshers with ease. 
Apply through Fibe and get up to ₹10 lakhs in just a few minutes. It is easy to apply with 100% digital application process and 0 foreclosure charges. Download the Fibe app today!  

FAQs on Loan for Freshers 

Can I get a loan during the probation period? 

Yes, but it depends on the lender. Some banks approve loans during probation, while others prefer applicants who have completed it (usually 3–6 months). 

Do banks check employment history before approving a loan? 

Yes. Lenders review your employment history, job stability, and income consistency to assess repayment ability. 

Does a new job affect personal loan eligibility? 

Yes. A new job can slightly reduce eligibility initially due to limited tenure, but a stable income and good credit score can offset this. 

Is a credit score important if I recently joined a job? 

Absolutely. A good credit score (750+) increases approval chances, even if you’re new to a job. 

Why is UPI ID not getting activated?

UPI has made digital payments seamless, but sometimes there could be issues that users can face where their UPI ID not getting activated or verification fails. It can be related to connectivity or credentials mismatch or any other technical reason for that matter. 
 
Let’s understand why this happens and how to fix it quickly in more detail. 

Common Reasons for UPI Activation Failure 

If your UPI ID not getting activated, it usually comes down to verification or system-level issues. Here are the most common reasons: 

1. Mobile Number Mismatch 

UPI works only if your mobile number matches the one linked to your bank account. Even a slight mismatch leads to UPI activation failed errors. 

2. SMS Verification Failure 

UPI apps send an SMS for verification. If: 

  • SMS permissions are disabled 
  • SIM has no balance 
  • Wrong SIM slot is used 

…your UPI ID not activated issue can occur. 

3. Poor Network Connectivity 

Weak internet or mobile network can interrupt communication between your bank and the app, causing repeated UPI activation failed attempts. 

4. Bank Server Downtime 

Sometimes, the issue isn’t on your end. Bank servers may be under maintenance or heavy load, leading to temporary failures. 

5. Outdated UPI App 

Using an outdated app can cause compatibility issues with updated NPCI guidelines, resulting in your UPI ID not getting activated properly. 

6. Device Verification Issues 

UPI allows only one device per account. Switching phones frequently can lead to device registration errors. 

7. Inactive or Restricted Bank Account 

Dormant accounts, incomplete KYC, or frozen accounts cannot be linked to UPI, leading to UPI ID not activated problems. 

8. Incorrect Date & Time Settings 

UPI systems rely on secure timestamps. Incorrect device time can silently cause activation failures. 

9. System Outages 

Even large-scale outages can affect UPI services like the 2025 disruption that impacted multiple banks and apps across India. 

Things to Be Careful of When Activating UPI ID 

Avoid these common mistakes while setting up UPI: 

  1. Registered Mobile Number: Ensure your bank-linked number is active and inserted in the primary SIM slot. 
  1. SMS Services Active: You need an active SMS plan for verification. 
  1. Stable Internet: Switch to a strong mobile data or Wi-Fi network during setup. 
  1. Update Your UPI App: Always use the latest version to avoid bugs and compliance issues. 
  1. Check Bank Account Status: Ensure your account is active and KYC is complete. 
  1. Avoid Multiple Attempts: Too many failed attempts can temporarily block activation for security reasons. 

How to Fix UPI ID Activation Problems? 

If your UPI ID not getting activated, try these practical fixes: 

1. Restart Your Phone: Clears background issues that might block verification. 

2. Reinsert SIM Card: Ensure the correct SIM is in slot 1 and active. 

3. Enable Permissions: Allow SMS, phone, and network permissions for the app. 

4. Update the App: Download the latest version from Play Store/App Store. 

5. Check Mobile Number with Bank: Visit your bank or net banking to confirm your registered number. 

6. Wait & Retry Later: If servers are down, retry after a few hours. 

7. Contact Bank or NPCI Support: If the issue persists, raise a complaint via official support channels.  

8. Switch Network: Sometimes switching from Wi-Fi to mobile data (or vice versa) resolves issues. 

Final Thoughts 

If your UPI ID is not working or repeatedly shows it is not getting activated, you should not panic. Most issues are simple, like SIM mismatch, SMS failure, or network glitches. With the right troubleshooting and a few checks and fixes, you can get your UPI up and running in minutes. 

UPI is built by NPCI under RBI regulation to ensure secure, instant payments across India — so occasional hiccups are normal, but easily fixable. 
Need a smarter way to pay your daily expenses? Fibe Axis Bank Credit Card, India’s first numberless card, is the right choice for you! 
Link it with your UPI and complete transactions in just one click. Get cashback up to 3% on all your transactions. Download the Fibe app and get yours today! 

FAQs on UPI ID Activation 

1. How long does it take to activate a UPI ID? 

Usually, activation takes a few minutes. However, delays can occur due to network issues, bank server downtime, or verification failures. 

2. Why is my mobile number not detected for UPI registration? 

This happens if: 

  • The SIM is not in the primary slot 
  • SMS permissions are disabled 
  • The number is not linked to your bank account 

3. Can I create a UPI ID without a debit card? 

Some apps allow UPI activation without a debit card using Aadhaar or OTP-based verification, but availability depends on your bank. 

4. Why is my bank account not showing in my UPI app? 

Possible reasons include: 

  • Mobile number mismatch 
  • Bank not enabled for UPI 
  • Account is inactive or KYC incomplete

Common Techniques Used in Fake Payment UPI Scams

UPI has made payments effortless but it has also opened doors for scammers. According to IBTimes India, with over 27 lakh fraud cases worth ₹2,145 crore reported in recent years, the scale of the UPI scam problem is significant. 

Let’s break down the most common techniques used in a fake UPI payment scam, so you know exactly what to watch out for. 

1. Fake Payment Screenshots 

One of the most common fake payment scam tactics. 

  • Scammers show edited screenshots or fake SMS confirmations. 
  • Sellers hand over goods without verifying actual credit. 
  • Real case: Fraudsters in India used fake screenshots to buy electronics and jewelry without paying. 

Tip: Always check your bank/app notification and not just payment screenshots. 

2. ‘Collect Request’ Trick (Request vs Pay Confusion) 

A classic fake UPI scam technique. 

  • Scammer sends a ‘collect request’ saying ‘Accept to receive money.’ 
  • Victim enters UPI PIN → money gets debited instead. 

Remember: Entering your PIN = sending money, not receiving it. 

3. QR Code Scam 

This is a growing fake UPI payment scam method. 

  • Scammer shares a QR code claiming it will ‘credit’ money. 
  • Scanning actually triggers a payment from your account. 

Remember: QR codes are for paying and not for receiving. 

4. Overpayment Scam 

A subtle but dangerous fake payment scam. 

  • Scammer ‘accidentally’ sends extra money (or claims so). 
  • Asks you to refund the excess. 
  • Original payment is fake or reversed later. 

Tip: Always verify if money is actually credited before refunding. 

5. Screenustomer Care & KYC Scams 

  • Fraudsters impersonate banks, apps, or NPCI. 
  • Ask for OTP, PIN, or ‘KYC update.’ 
  • Leads to full account takeover. 

7. SIM Swap Fraud 

  • Scammers duplicate your SIM using stolen details. 
  • Gain access to OTPs and UPI apps.  

How You Can Protect Yourself from Payment Scams? 

1. Never Share UPI PIN or OTP 

No legitimate service will ask for it. 

2. Verify Payments in Your Bank App 

Don’t rely on SMS or screenshots. 

3. Avoid Unknown QR Codes 

They are meant to send money. 

4. Decline Unknown Collect Requests 

Especially from unknown numbers. 

5. Don’t Install Screen Sharing Apps on Request 

Banks never ask for remote access. 

6. Use Official Apps & Links Only 

Avoid random links on WhatsApp/SMS. 

7. Enable Transaction Alerts 

Real-time alerts help detect fraud instantly. 

Impersonation Techniques Used in UPI Scams 

Scammers rely heavily on trust manipulation in a fake UPI scam. The below impersonation tricks are key drivers behind many fake UPI payment scam cases. 

1. Bank Officials or RBI Representatives 

  • Fake calls, claiming account issues or KYC updates. 

2. Buyers on OLX/Marketplace 

  • Show fake payment proof to trick sellers. 

3. Customer Support Agents 

  • Fake Google listings with scam numbers. 

4. Friends/Family in Emergency 

  • Hacked WhatsApp accounts requesting urgent money. 

5. Government Schemes or Refunds 

  • Fake cashback, subsidy, or tax refund messages. 

What to Do If You Suspect a Scam? 

1. Immediately Contact Your Bank 

Request to freeze or block transactions. 

2. Call 1930 (India Cybercrime Helpline)** 

Fast reporting improves recovery chances. 

3. Report on cybercrime.gov.in** 

Official government portal for fraud complaints. 

4. Block Your UPI ID 

Prevent further unauthorized transactions. 

5. Save Evidence 

Screenshots, transaction IDs, phone numbers. 

Final Thoughts 

With 1 in 5 Indian users reportedly experiencing UPI fraud, awareness is your strongest defense. Most scams don’t rely on hacking, they rely on human error and urgency. The more you understand how a UPI scam works, the harder it becomes for fraudsters to succeed. 

FAQs on UPI Scams 

1. What are the most common UPI scams? 

The most common include fake screenshots, collect request fraud, QR code scams, impersonation calls, and overpayment scams. 

2. How can I identify a fake UPI payment? 

Check your bank balance or transaction history. If money isn’t credited there, it’s likely a fake UPI scam. 

3. Can scammers steal money through UPI collect requests? 

Yes. If you approve a collect request and enter your PIN, money gets debited—this is a common fake payment scam tactic. 

4. How do overpayment scams work in UPI transactions? 

Scammers claim they overpaid and ask for a refund. The original payment is either fake or reversed later, making it a fake UPI payment scam. 

*99# Mobile Banking Service: Know the Features & How it Works

The *99# mobile banking service is a USSD-based banking solution that lets you check your bank account balance, transfer money and access banking services instantly without internet or smartphone. You simply have to dial *99# from your mobile phone and that it. 

Isn’t it interesting? Read on to understand what it is and how it works in depth. 

What is *99# Mobile Banking Service? 

The *99# mobile banking service (commonly called star 99) is a USSD-based banking system launched by NPCI that allows users to perform basic banking transactions without needing mobile data or a smartphone. 

Here’s a simple way to understand it: 

Imagine you’re traveling in a rural area with no internet and you urgently need to send ₹500 to a friend. Instead of waiting for connectivity, you can just dial *99# and complete the transaction in seconds.  
This service works across most Indian banks and is part of the broader UPI ecosystem making it reliable, fast, and inclusive. 

According to NPCI, this service was introduced to enable digital banking access for millions of feature phone users in India. 

Features of *99# Mobile Banking 

Here’s what makes star 99 a practical and powerful tool: 

  • No Internet Required: You can use *99 banking services even in low-network areas. 

Example: A farmer in a village can check his account balance without needing mobile data. 

  • Works on Any Mobile Phone: Whether it’s a keypad phone or smartphone, it works seamlessly. 
  • Multi-Language Support: Available in several Indian languages for ease of use. 
  • Bank Interoperability: Most major banks support *99 banking services, so you’re not restricted to one bank. 
  • UPI-Enabled Transactions: Send or receive money using UPI ID, account number, or mobile number. 
  • Secure Transactions with MPIN: Every transaction require authentication. 

Example: Even if someone accesses your phone, they cannot transfer money without your MPIN. 

  • Quick & Menu-Based Navigation: The interface is simple and easy to use. 

Services You Can Use on *99# 

The *99 mobile banking service allows you to perform multiple banking actions: 

  • Check Account Balance 

Example: Instantly verify if your salary has been credited. 

  • Mini Statement 

View recent transactions without visiting a bank branch. 

  • Send Money (UPI / Account Number / Mobile Number) 

Example: Transfer ₹1,000 to a shopkeeper using just their phone number. 

  • Request Money 

Useful for splitting bills with friends. 

  • Check UPI PIN Status 

Ensure your account is ready for transactions. 

  • Change MPIN 

Update your security PIN anytime. 

  • Check IFSC & Account Details 

Helpful when filling out forms or sharing bank info. 

According to the Reserve Bank of India (RBI), such digital banking solutions have played a key role in increasing financial inclusion and reducing dependency on physical banking. 

How to Use *99# Step-by-Step? 

Here’s how you can start using star 99: 

  1. *Dial 99# from your registered mobile number 

(Example: Dial it just like making a call) 

  1. Select your preferred language 
  1. Enter your bank name or first 4 letters of IFSC 

(Example: Type “SBIN” for SBI) 

  1. Choose the service you want 

(Example: Select “1” for balance inquiry) 

  1. Enter required details 

(Example: Enter amount and receiver’s mobile number for transfer) 

  1. Enter your MPIN to confirm 
  1. Receive confirmation instantly 

(Example: You’ll see a success message for your transaction) 

Let’s understand this with a real-life scenario: If you’re at a local market and need to pay ₹300 but your UPI app isn’t working due to poor internet, *99# can complete the payment within seconds. 

Final Thoughts 

The *99# mobile banking service is a simple yet powerful innovation that ensures banking is accessible to everyone, regardless of internet access or smartphone availability. 

From sending money in remote areas to checking balances on the go, star 99 proves that digital banking doesn’t always need data—just a basic phone and a few taps. 

As India continues its digital journey, *99 banking services remain a critical bridge between traditional and modern banking making finance truly inclusive. 

Need funds quickly? Fibe Personal Loan can be a smarter way. You can get up to ₹10 lakhs in just a few minutes. The application process is entirely digital and you can repay the money within 6 to 36 months whichever suits your budget.  

Download the Fibe app today to know more! 

FAQs on *99# Mobile Banking Services 

Do I need a smartphone or internet for *99#? 

No, you don’t. The *99 mobile banking service works on any mobile phone without internet using USSD technology. 

How do I check my bank balance using *99#? 

Dial *99#, select your bank, choose “Check Balance,” and enter your MPIN. Your balance will appear instantly on your screen. 

Is *99# service available 24/7? 

Yes, *99 banking services are available 24/7, including weekends and holidays, as long as your mobile network is active. 

Is *99# mobile banking safe? 

Yes, it is secure. It uses MPIN authentication and follows NPCI guidelines. Example: Even if your phone is lost, no one can access your funds without your MPIN. 

How to Block UPI Number?

UPI is highly secure, but in situations like phone theft, suspicious requests, or fraud attempts, knowing how can I block my UPI ID becomes essential. Acting fast can prevent unauthorised transactions and safeguard your money.  

If you’re wondering how to block UPI number, the quickest way is to contact your bank, disable UPI from your app settings, or block your SIM card if your phone is lost. You can also raise a request via the NPCI portal to block UPI ID linked to your account. 

Key Components of UPI 

Before understanding how to block UPI, it helps to know how it works: 

1. UPI ID and PIN 

  • Your UP I ID (Virtual Payment Address) is like an email for payments (e.g., name@bank). 
  • Every transaction requires a secure UPI PIN for authorisation. 
  • No money can be debited without entering this PIN. 

2. Mobile Number and Bank Account 

  • Your UPI is linked to your registered mobile number and bank account. 
  • Payments are processed instantly between accounts via apps like BHIM, Google Pay, or PhonePe. 

How to Block UPI Number or UPI Services? 

People often think ,‘how can I block my UPI ID or secure your account?’. With the below mentioned steps, you can block your UPI in just no time: 

1. Block SIM Card Immediately 

  • Call your telecom provider to block your SIM if your phone is lost. 
  • This prevents fraudsters from accessing your UPI-linked number. 

2. Contact Your Bank 

  • Call your bank’s customer care and request to block UPI ID. 
  • Banks can temporarily disable UPI services linked to your account.  

3. Disable UPI via App 

  • Open your UPI app → Profile/Settings → Select bank account 
  • Choose Remove/Deactivate UPI ID 
  • Confirm to block UPI ID instantly 

4. Log Out from All Devices 

  • Apps like Paytm or PhonePe allow remote logout from all devices 
  • This is crucial if your phone is stolen 

5. Raise Complaint with NPCI 

  • Visit the official NPCI UPI Help Portal 
  • File a complaint for fraud, spam requests, or unauthorised activity 

6. Report to Cybercrime Portal 

  • If fraud is suspected, report at cybercrime.gov.in 
  • This helps track misuse and recover funds faster 

7. Understand Limitations 

  • You cannot directly ‘block’ a specific sender like social media 
  • Instead, you can decline or ignore requests safely 

Precautions to Take After Blocking UPI 

After learning how to block UPI number, here’s what you should do next: 

1. Change Your UPI PIN 

  • Reset your PIN once access is restored 
  • Never share your PIN with anyone 

2. Monitor Bank Statements 

  • Check transactions regularly for suspicious activity 
  • Early detection helps minimise losses 

3. Enable App Security 

  • Use biometric locks or app passwords 
  • Add an extra layer of protection 

4. Avoid Unknown Requests 

  • Never approve collect requests from unknown IDs 
  • Remember: money only leaves after PIN entry 

5. Update KYC and Contact Details 

  • Ensure your mobile number and email are updated 
  • Helps banks alert you instantly 

6. Stay Updated on UPI Rules 

  • NPCI regularly updates safety features to reduce fraud risks 

Final Thoughts 

Knowing how to block UPI, how to block UPI number, or how can I block my UPI ID is essential in today’s digital-first world. While the system is designed with strong security (like mandatory PIN authentication), your awareness is the first line of defense. 

Whether it’s fraud prevention or peace of mind, taking quick action can protect your money and your data. 

And if you are short on funds, Fibe Personal Loan is here for your rescue! Get up to ₹10 lakhs in just a few minutes. Enjoy a 100% digital application process and 0 foreclosure charges. Download the Fibe app now! 

FAQs on How to Block UPI Number 

1. How do I block a number on UPI? 

You cannot directly block a specific number on UPI. However, you can decline requests, mute notifications, or report the user to your bank or NPCI. 

2. Can I block my UPI transaction? 

No, once authorised with your PIN, a UPI transaction cannot be reversed instantly. You must contact your bank immediately for dispute resolution. 

3. How to disable UPI number? 

To disable your UPI number, unlink your bank account from the UPI app or contact your bank to deactivate UPI services. 

4. Can UPI be blocked? 

Yes, you can block UPI ID or services temporarily by contacting your bank, disabling it via app settings, or blocking your registered mobile number. 

How to Check UPI Transaction History?

UPI has made digital payments effortless in India. From splitting bills to paying for groceries instantly, it has made everything super smooth with just one click. But with convenience comes the need to track every transaction. Knowing how to check UPI transaction history ensures transparency, helps manage expenses and protects you from errors or fraud. 

Let’s understand this in more detail. 

How to Check UPI Transaction History via Internet Banking? 

If you’re wondering how to check UPI transaction history, internet banking is one of the most reliable ways, especially for detailed and older records. According to the National Payments Corporation of India (NPCI), UPI transactions are processed via bank accounts, making banks the primary source of record. 

Here’s a step-by-step guide to check UPI transaction history through your bank: 

  1. Log in to your bank’s net banking portal: Use your credentials to access your account securely. 
  1. Navigate to ‘Transactions’ or ‘Account Statement’: Most banks categorise UPI payments under account activity. 
  1. Apply filters for UPI transactions: Select UPI or IMPS (since UPI runs on IMPS rails) to narrow results. 
  1. Select date range: This helps you access older UPI transaction history beyond app limits. 
  1. Download or view statement: You can save your UPI history for future reference or audits. 

Example: If you made a payment via Google Pay 6 months ago, your bank statement will still show it—even if the app doesn’t.  

Importance of Checking UPI Transaction Status 

Regularly reviewing your UPI transaction history isn’t just good practice; it’s essential for financial hygiene. 

1. Detect Unauthorised Transactions 

Monitoring your UPI history helps identify suspicious payments early. 

2. Resolve Failed Transactions 

Sometimes money is debited but not received. Checking your UPI transaction history helps track refunds. 

3. Budget Tracking 

Your UPI history gives a clear picture of spending patterns. 

4. Proof of Payment 

Need to show payment confirmation? Your UPI transaction history acts as valid proof. 

5. Error Correction 

Entered the wrong UPI ID? Reviewing your UPI history helps you act quickly. 

The Reserve Bank of India (RBI) advises users to regularly monitor digital transactions to prevent fraud. 

How Long Does UPI Transaction History Stay in the App? 

Most UPI apps like PhonePe, Google Pay, and Paytm store your UPI transaction history for a limited period, typically 6 months to 1 year. However, your bank retains complete records for much longer, ensuring your UPI history is never truly lost. If you’re unsure how to check UPI history, switching to bank statements is the best option. Apps may limit visibility for performance reasons, but backend systems maintain full UPI transaction history. This is why users often rely on banks when they need to check UPI transaction history beyond app limits. 

FAQs on UPI Transaction History 

1. How do I check my old UPI transaction history? 

To access older records, use internet banking or request a bank statement. This is the most reliable way if your app no longer shows full UPI transaction history. If you’re still unsure how to check UPI transaction history, your bank is the safest source. 

2. Can we recover a UPI transaction? 

You cannot reverse a successful UPI payment without the recipient’s consent. However, you can raise a complaint via your app or bank. Checking your UPI history immediately improves your chances of resolution. 

3. How do I see all my payment history? 

To see complete records, combine app data and bank statements. If you’re wondering how to check UPI history, remember: apps show recent transactions, while banks store full UPI transaction history. This makes it easier to check UPI transaction history anytime. 

UPI AutoPay for Businesses: Benefits, Features & How It Works

UPI AutoPay is transforming how businesses collect recurring payments. It enables seamless, automated billing for subscriptions, EMIs and services while improving customer experience and ensuring predictable revenue streams. 
 
Read on to understand what it is, how it works and what are the benefits.  

What is UPI AutoPay? 

UPI AutoPay is a feature introduced by the National Payments Corporation of India (NPCI) that allows businesses to collect recurring payments through a one-time customer authorization or e-mandate. 

Instead of asking customers to manually pay every time, businesses can automate collections on a fixed schedule. It can be daily, weekly or monthly. 

This UPI autopay system is now widely used across industries: 

  • OTT platforms like Netflix and Spotify 
  • Loan EMI collections by fintechs 
  • Insurance premium payments 
  • Utility bill payments 

The scale is massive. India’s UPI ecosystem processes over 20 billion transactions monthly, making it the largest real-time payment system globally. 

With this scale, UPI auto pay is quickly becoming the default infrastructure for recurring payments in India. 

How Does UPI AutoPay Work? 

Here’s how an autopay payment works step-by-step: 

  1. Customer Consent (Mandate Setup): User approves recurring payment via UPI apps like GPay, PhonePe, or Paytm. 
  1. Mandate Creation: Details like amount, frequency, and validity are defined. 
  1. Authentication: Customer verifies via UPI PIN or OTP. 
  1. Pre-Debit Notification: User gets alerts before deduction for transparency. 
  1. Scheduled Debit Execution: Amount is auto-debited on the due date. 
  1. Instant Settlement: Funds are transferred instantly to the business account. 
  1. Mandate Management: Customers can pause, modify, or cancel anytime. 

For instance: A SaaS platform like Zoom or Canva can set up monthly billing via UPI autopay, eliminating failed renewals due to missed manual payments. 

Benefits of UPI AutoPay for Businesses 

1. Predictable & Recurring Revenue 

Businesses get assured inflows without chasing customers. 

Example: NBFCs and fintech apps use autopay payment mandates to ensure timely EMI collections. 

2. Higher Payment Success Rates 

Automation significantly reduces missed payments. 

  • UPI AutoPay transactions reached 175 million in Jan 2025, up 3x YoY 
  • It now contributes 53%+ of recurring payments, surpassing cards 

3. Rapid Growth in Adoption 

The ecosystem is scaling fast: 

  • Recurring payments via UPI autopay doubled in one year 
  • Over 250 million mandates were active by 2025 

This signals strong trust and adoption among Indian users. 

4. Improved Customer Experience 

Customers don’t need to remember the due dates. 

Example: OTT platforms use UPI auto pay to avoid subscription interruptions—leading to higher retention rates. 

5. Lower Operational Costs 

Businesses reduce: 

  • Payment reminders 
  • Collection calls 
  • Failed transaction handling 

This makes operations leaner and more scalable. 

6. Instant Settlement & Better Liquidity 

Unlike cards or NACH, UPI ensures real-time settlement, improving working capital cycles. 

7. Flexible Payment Limits 

UPI AutoPay supports both small and large transactions: 

  • ₹15,000 standard limit 
  • Up to ₹1 lakh for categories like insurance, SIPs, and credit cards 

This makes it viable for multiple business models. 

8. Customer Trust & Control 

Customers retain full control: 

  • Pause mandates anytime 
  • Cancel easily 
  • Track payments centrally via NPCI portal 

This transparency builds long-term trust. 

9. Wide Industry Use Cases 

UPI autopay works across sectors: 

Industry  Use Case Example  
Fintech  EMI collections (Fibe, KreditBee)  
OTT  Monthly subscriptions  
Insurance  Premium auto-renewals  
Edtech  Course installment payments  
SaaS  Subscription billing 

With massive scale, regulatory backing, and rapid adoption, UPI autopay is redefining recurring payments in India. For businesses, it offers a powerful mix of automation, higher success rates, and better customer experience—making it essential for any subscription or credit-driven model today. 

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FAQs on UPI AutoPay 

1. What are the new UPI rules for business? 

Recent NPCI updates focus on improving system reliability and security: 

  • Limits on API usage to reduce system overload 
  • Defined time windows for autopay execution 
  • Enhanced fraud checks like displaying verified beneficiary details 
  • Restrictions on excessive transaction status checks 

These changes ensure smoother, safer transactions for businesses using UPI auto pay. 

2. How does autopay work in UPI? 

An autopay payment in UPI works through a one-time mandate approval. Once authorized, payments are automatically deducted at scheduled intervals, with prior notifications and full user control. 

What is the Difference Between BHIM and UPI?

UPI is basically a digital payment system, while BHIM is a mobile application built on that system. In other words, BHIM is one of the apps that uses UPI to allow instant bank-to-bank transfers.

According to NPCI data, UPI recorded more than 12 billion transactions in a 1 month in 2024. It showed how widely the system is used across the country. When people search what is the difference between BHIM and UPI, they usually think that both are the same thing. However, UPI (Unified Payments Interface) is the payment infrastructure created by the National Payments Corporation of India (NPCI), while BHIM (Bharat Interface for Money) is a government-backed app designed to make UPI payments easy for everyone.

Read on to understand this in more depth and in the simplest way.

Key Differences Between BHIM and UPI

Below is a detailed comparison explaining the difference between BHIM and UPI.

FeatureBHIMUPI
DefinitionBHIM is a mobile payment app developed by NPCIUPI is a payment system enabling instant bank transfers
Full FormBharat Interface for MoneyUnified Payments Interface
TypeMobile applicationPayment infrastructure
Developed ByNational Payments Corporation of India (NPCI)National Payments Corporation of India (NPCI)
Launch Year20162016
UsageSend and receive money through BHIM appUsed across apps like Google Pay, PhonePe, Paytm
Platform AvailabilityDedicated mobile appIntegrated in multiple apps
InterfaceSimple and minimalDepends on the app using UPI
Advanced FeaturesBasic transfers and QR paymentsSupports subscriptions, autopay, credit lines
ExampleSending money using BHIM appPaying through Google Pay or PhonePe

In simple terms, BHIM and UPI are connected but not identical. UPI is the underlying payment network, while BHIM is an application that runs on that network.

Features of BHIM & UPI

Both BHIM and UPI support fast and secure digital payments, but they differ in terms of features and user experience.

BHIM

BHIM was launched by the Government of India in December 2016, shortly after demonetisation, to promote digital payments and financial inclusion.

Important features of BHIM UPI include:

  • Simple and clean interface designed for easy use
  • Instant bank-to-bank transfers using UPI ID or mobile number
  • QR code payments for merchants
  • Support for multiple Indian languages
  • Direct bank account linking without wallets
  • Low data consumption, making it suitable for rural areas
  • Secure authentication using UPI PIN

Example

Imagine you want to send ₹500 to your friend Ravi:

  1. Open the BHIM app
  2. Enter Ravi’s UPI ID
  3. Enter ₹500
  4. Enter your UPI PIN

The money transfers instantly to Ravi’s bank account.

NPCI reports that millions of users downloaded the BHIM app within the first few weeks of its launch, highlighting the early adoption of BHIM UPI payments.

UPI

UPI is the backbone of India’s digital payments ecosystem and powers multiple payment apps.

Some key features include:

  • 24/7 instant bank transfers
  • Send money using just a UPI ID
  • QR code payments for shops
  • Peer-to-peer transfers
  • Merchant payments
  • Bill payments and recharges
  • Auto-pay for subscriptions
  • Multi-bank linking in one app

Example

Suppose you visit a café and the bill is ₹350.

You can:

  • Scan the UPI QR code
  • Pay using Google Pay, PhonePe, Paytm, or BHIM

Even though the app differs, UPI processes the transaction in the background.

As per NPCI statistics, UPI processed more than ₹180 lakh crore in annual transaction value, making it one of the largest real-time payment systems in the world.

This shows why understanding BHIM and UPI is important in today’s digital economy.

BHIM vs UPI: Practical Examples

Understanding the difference between BHIM and UPI becomes clearer with everyday scenarios.

ScenarioWhat Happens
Paying a street vendorYou scan QR code via BHIM
Paying online shopping billPayment is processed through UPI
Sending money to familyAny UPI-enabled app transfers instantly
Merchant paymentQR code uses UPI infrastructure

Example 1: Paying a Shop

A grocery shop displays a QR code.

You can pay using:

  • BHIM
  • Google Pay
  • PhonePe

Even though the app differs, UPI completes the transaction.

Example 2: Splitting a Restaurant Bill

Four friends split a ₹2000 restaurant bill.

Each person sends ₹500 using UPI apps like BHIM or GPay and the money reaches instantly.

These examples clearly explain what is the difference between BHIM and UPI.

Benefits of Using BHIM and UPI

Both BHIM and UPI offer several benefits that make digital payments convenient.

1. Instant Payments

Transactions happen within seconds.

Example: Sending emergency money to family members instantly.

2. No Need for Bank Details

You only need a UPI ID.

Example: Instead of entering account number and IFSC code, you can send money to name@upi.

3. 24/7 Availability

Payments work anytime, even on holidays.

Example: Paying rent at midnight through UPI.

4. Secure Transactions

UPI uses two-factor authentication with UPI PIN.

Example: Even if someone has your phone, they cannot send money without the PIN.

5. Widely Accepted

UPI works with small shops, large businesses and e-commerce platforms.

Example: You can pay using UPI on platforms like Amazon, Flipkart, Zomato and Swiggy.

Because of these advantages,BHIM and UPI have become the backbone of India’s digital payment ecosystem.

Which One Should You Use?

Choosing between BHIMand UPI depends on your needs. If you prefer a simple, government-backed app, BHIM is a good option. However, if you want extra features like rewards, bill reminders and cashback offers, apps like Google Pay or PhonePe might suit you better.

The important thing to remember is that UPI powers all these apps, including BHIM. So the difference between BHIM and UPI is not about which one is better — it’s about understanding that BHIM is an app while UPI is the payment system behind it.

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FAQs on Difference Between BHIM and UPI

Is UPI the same as BHIM?

No. UPI is the payment system that enables bank transfers, while BHIM is an app built on that system.

Is BHIM approved by RBI?

Yes. BHIM is developed by NPCI, which operates under the guidance of the Reserve Bank of India (RBI).

Which is better, UPI or BHIM?

UPI is the payment infrastructure, while BHIM is one of the apps that uses it. The better option depends on the features you want in your payment app.

Can I use BHIM and GPay together?

Yes. Both apps run on UPI, so you can link the same bank account to both and use them simultaneously.

UPI 123Pay: A Complete Guide to Offline Payments (RBI & NPCI Rules)

In a major push toward Financial Inclusion and the Digital India initiative, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) launched UPI 123Pay. Designed specifically for the 400 million feature phone users in India, this service bridges the ‘digital divide’ by allowing secure, instant transactions without an internet connection. 

Whether you are in a remote area with poor data connectivity or using a basic Nokia/Samsung feature phone, UPI 123Pay ensures you aren’t left behind in the digital economy. 
 
Let’s understand the features in more detail.  

What is UPI 123 Pay? 

UPI 123Pay is an instant payment system that allows users to make P2P (Peer-to-Peer) and P2M (Peer-to-Merchant) transactions using a feature phone without the internet. Launched by RBI Governor Shaktikanta Das, it uses four distinct technologies: IVR (Voice), Missed Call, Sound-based proximity and OEM-integrated apps. 

Key Technical Facts & Limits: 

  • Daily Transaction Limit: Up to ₹1 Lakh. 
  • Per Transaction Limit: ₹5,000 (Note: NPCI occasionally updates these; always check your bank’s latest circular). 
  • Connectivity: Works on 2G/3G networks; no mobile data or Wi-Fi internet is required. 
  • Security: Uses Two-Factor Authentication (2FA) (your mobile number and your secret UPI PIN). 

4 Ways to Use UPI 123Pay Without Internet 

Thinking ‘how to use UPI 123 Pay’? Unlike standard UPI which requires a QR code scan, UPI 123Pay offers four flexible methods to suit different user needs. 

1. IVR (Interactive Voice Response) – The Most Popular 

You call a dedicated UPI 123 Pay number and follow automated voice prompts. 

Example: Rajesh wants to send ₹500 to his brother. He dials 080-4516-3666, selects Transfer Money,’ enters his brother’s phone number and confirms with his UPI PIN. 

2. Missed Call-Based Payments 

This method is ideal for merchant payments (P2M). You give a missed call to a number displayed at a shop. You receive an incoming call to verify the amount and enter your PIN. 

Example: A vegetable vendor has a dedicated number. You give a missed call, get a callback and authorise the ₹40 payment for your groceries. 

3. Sound-Based Proximity Payments 

Developed in partnership with tech providers like ToneTag, this uses sound waves to carry data. Your phone ‘talks’ to the merchant’s device using a unique tone. 

Example: At a retail store, you choose the ‘Sound Pay’ option. Your phone emits a tone that the merchant terminal picks up to initiate the transaction. 

4. OEM-Integrated Apps 

Some feature phone manufacturers (like Lava or Jio) have a built-in UPI app that looks like a smartphone app but works via encrypted SMS/data-light protocols. 

Steps to Set Up UPI 123Pay 

Here’s a list of simple steps that you can follow but before you start, ensure your mobile number is linked to your bank account and you have your debit card handy. 

  • Dial the IVR Number: Call 9188-123-123 or 080-4516-3666. 
  • Select Language: Choose from Hindi, English, or several regional languages. 
  • Link Bank Account: Mention your bank name. The system will fetch your account via your registered mobile number. 
  • Set UPI PIN: Enter the last 6 digits of your Debit Card and the Expiry Date. Follow the prompts to create a 4 or 6-digit UPI PIN. 
  • Start Transacting: You are now ready to send money, check balances, or pay bills. 

UPI 123Pay vs. *99# (USSD): What’s the Difference? 

While both work without the internet, they are different technologies: 

  • *USSD (99#): Uses a text-based menu. It can be slow and is often charged by telecom operators (e.g., ₹0.50 per session). 
  • UPI 123Pay: Uses voice (IVR) or sound. It is generally faster, more user-friendly and more reliable in low-network areas. 

Major Benefits for Users and Merchants 

  • Utility Bill Payments: Through the Bharat Bill Pay System (BBPS) integration, you can pay electricity, water and gas bills via IVR. 
  • Mobile Recharges: Instantly top up your talk time without visiting a store. 
  • Safety: No risk of ‘phishing’ via malicious links since the transaction is voice authorised. 
  • Merchant Empowerment: Small shopkeepers don’t need expensive smartphones or Wi-Fi to accept digital payments. 

[Source: NPCI Official Portal] 

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FAQs on UPI 123Pay 

How can I set up UPI 123 Pay on my phone? 

Dial *99# from the mobile number linked to your bank account to start setup. Follow the voice or on-screen prompts to choose your bank, enter the last 6 digits of your debit card and expiry date and create a UPI PIN. You may also register via your bank’s IVR number if offered. Some feature phones with OEM apps let you complete setup through the phone’s UPI app instead. 

What are the top benefits of using UPI 123 Pay for transactions? 

You can make payments without a smartphone or mobile data, using IVR calls, missed calls, sound-based transfers, or OEM feature-phone apps. This widens access and helps you pay at shops, send money, or pay bills from a basic phone. 

UPI 123 Pay supports multiple regional languages and follows UPI limits and rules, so you get a familiar, standardised payment experience. 

Is UPI 123 Pay secure for transferring money? 

UPI 123 Pay uses UPI’s two-factor authorisation, which includes your UPI PIN for every transaction. Banks and NPCI run the service, so transactions follow regulated security practices. Always keep your UPI PIN private and avoid entering it on calls from unknown numbers. Report any suspicious activity to your bank immediately. 

Can I use UPI 123 Pay without an internet connection? 

Yes. UPI 123 Pay is designed to work without mobile data. You can use IVR calls, missed-call flows, sound-based proximity payments, or feature-phone OEM apps to transact offline. 

Some actions like viewing detailed statements may still need your bank’s app or internet access. 

How do I find my UPI 123 Pay number? 

Banks and NPCI publish the IVR and help numbers for UPI 123 Pay. Check your bank’s website or customer-care page for the specific IVR number to register or transact. 

You can also call your bank’s helpline from the mobile number linked to your account to get the correct UPI 123 Pay number. 

What should I do if my UPI 123 Pay transaction fails? 

If a transaction fails, wait up to 2 working days. Most failed UPI payments are auto reversed to your bank account. If the refund does not arrive, contact your bank with the transaction time, amount and any reference or token number. You can also raise a dispute through your bank’s customer service or the UPI grievance channels. Keep screenshots or notes of any IVR prompts or token numbers to help resolve the issue. 

What is the official UPI 123 Pay number? 

The primary IVR numbers supported by NPCI are 9188-123-123, 080-4516-3666 and 022-6901-9999. Always verify these on the official NPCI website. 

Can I pay a merchant who only has a QR code?

No. Since feature phones lack cameras to scan QR codes, you must use the merchant’s mobile number or their specific ‘Missed Call’ number to make a payment. 

Is UPI 123Pay safe? 

Yes. It uses the same encrypted security framework as standard UPI. Your UPI PIN is required for every transaction. Note: Never share your PIN or OTP with anyone over a call. 

What should I do if a transaction fails? 

Most failed transactions are auto reversed within 48 hours. If not, you can raise a dispute via the NPCI DigiSaathi helpline or contact your bank’s grievance cell. 

Can I use UPI 123Pay on a smartphone? 

Yes. While designed for feature phones, the IVR numbers work from any phone. This is a great backup if you have a smartphone but no data connection (e.g., in a basement or rural trek).

Fixed Deposits vs. Government Bond: Which one is safer?

Fixed Deposits (FDs) are offered by banks and NBFCs where you deposit a lump sum for a fixed tenure at a guaranteed interest rate. They are low-risk, easy to open and suitable for conservative investors who want stable and predictable returns. 

Government Bonds are debt instruments issued by the government to raise money. When you invest, you’re lending money to the government in return for periodic interest payments and principal repayment at maturity. They are also low-risk (since they’re backed by the government) but may offer slightly higher returns than FDs, depending on tenure and market conditions.  

If you’re choosing between a classic Fixed Deposit and a government bond, you’re basically asking one thing: ‘Will my money come back safely?’ Let’s break down Fixed Deposits vs. Government Bond in a simple, real-world way without heavy explanation. 

Understand What’s ‘Safe’ Actually Means? 

In personal finance, ‘safe’ usually means: 

  • Low chance of default (issuer doesn’t fail to pay you back) 
  • Stable value (you don’t lose money if you need to exit early) 
  • Predictable returns (you can plan around the interest) 

This is where bonds vs FD get interesting because both can be ‘safe,’ but in different ways. 

Key differences between Fixed Deposits vs. Government Bond 

Parameter Fixed Deposits (FD) Government Bonds (G-Sec) 
Credit (Default) Risk Backed by the bank/NBFC. Bank deposits insured up to ₹5 lakh per depositor per bank under DICGC guidelines. Backed by the Government of India. Generally considered among the lowest credit-risk instruments in the domestic market. 
Return Predictability Fixed and guaranteed interest rate if held till maturity. Fixed coupon payments, but overall returns may vary if sold before maturity due to price movements. 
Market Price Fluctuation No market-linked price volatility. Maturity value remains stable. Market-linked. Bond prices rise or fall depending on interest rate movements. 
Liquidity Can be prematurely withdrawn, usually with a penalty on interest. Can be sold in the secondary market; liquidity depends on market demand and tenure. 
Ideal For Investors seeking stable, predictable returns with minimal complexity. Investors comfortable holding till maturity and looking for high sovereign safety. 
Risk if Exited Early Interest penalty but principal usually remains protected. Potential capital loss if interest rates rise and bond is sold before maturity. 

The Bottom Line 

There is no ‘one-size-fits-all’ winner in the Fixed Deposits vs. Government Bond debate. If you prioritise ease and predictability, FDs work well. If you’re looking at long-term wealth preservation with sovereign security, government bonds are worth considering. 

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FAQs on FD vs Govt. Bond 

Which is better, a bond or a FD? 

The answer to it purely depends on your goal. If you want safe, predictable returns and you want your money to be parked in the bank, FDs are straightforward. If you want high credit safety and you can hold to maturity, many investors invest in government bonds through channels like RBI Retail Direct. This is why Fixed Deposits vs. Government Bond isn’t one-size-fits-all. 

Is GSEC better than FD? 

A G-Sec may in some cases atrade better on credit quality, at the same time they may vary in price if sold prior to maturity. FD’s maturity value is mostly a known quantity. In terms of a choice between bonds or FD’s G-Secs may be a better option for large term plans; FD’s may be preferred for their ease and predictability. 

What outperforms government bonds? 

In most cases” we see a little more risk. 

A basic guide which is also very practical in real life. 

  • Choose FD when: You require certainty, short term to medium term, emergency buffer. 
  • Choose government bonds when: You can hold until they mature, see to it that credit is good, and are fine with the in between price action also a reason people put money into government bonds. 

Some FD stability some sovereign bond play often outperforms what overthinking bonds vs FD presents as.