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AutoPay Banks Performance (May'24)
AutoPay Remitter Banks - Mandate Registration (May'24)
Sr. No. Remitter Bank Total Volume Approved% BD% TD%
1 State Bank Of India 60,07,008 99.80% 0.00% 0.20%
2 HDFC Bank Ltd 25,64,501 99.94% 0.00% 0.06%
3 Bank of Baroda 14,71,055 98.31% 0.00% 1.69%
4 ICICI Bank 14,03,370 99.55% 0.00% 0.45%
5 Punjab National Bank 13,49,000 99.11% 0.00% 0.89%
6 Kotak Mahindra Bank 13,45,211 99.69% 0.00% 0.31%
7 Union Bank of India 11,93,260 99.72% 0.00% 0.28%
8 Axis Bank Ltd 11,15,775 99.95% 0.00% 0.05%
9 Canara Bank 9,71,847 97.98% 0.00% 2.02%
10 Bank of India 6,60,714 99.54% 0.00% 0.46%
11 Indian Bank 6,35,042 86.31% 0.00% 13.69%
12 India Post Payment Bank 4,47,868 98.93% 0.00% 1.07%
13 Airtel Payments Bank 4,30,747 99.66% 0.00% 0.34%
14 Federal Bank 3,89,257 98.35% 0.00% 1.65%
15 Central Bank Of India 3,32,351 96.16% 0.00% 3.84%
16 UCO Bank 2,88,627 99.81% 0.00% 0.19%
17 Indian Overseas Bank 2,76,549 99.75% 0.00% 0.25%
18 IDBI Bank Limited 2,60,833 99.70% 0.00% 0.30%
19 IndusInd Bank 2,60,661 96.76% 0.00% 3.24%
20 Bank of Maharashtra 2,10,733 98.14% 0.00% 1.86%
21 Yes Bank Ltd 1,53,566 99.74% 0.00% 0.26%
22 IDFC FIRST Bank 1,40,143 99.10% 0.00% 0.90%
23 Karnataka Bank 1,31,496 98.06% 0.00% 1.94%
24 Karur Vysya Bank 99,204 99.41% 0.00% 0.59%
25 Jammu and Kashmir Bank 94,660 99.68% 0.00% 0.32%
26 South Indian Bank 88,319 99.87% 0.00% 0.13%
27 AU Small Finance bank 87,171 99.89% 0.00% 0.11%
28 Equitas Small Finance Bank 80,630 59.79% 0.00% 40.21%
29 Punjab and Sind Bank 72,126 99.71% 0.00% 0.29%
30 Standard Chartered 66,281 99.83% 0.00% 0.17%
31 City Union Bank 62,472 99.81% 0.00% 0.19%
32 DBS Bank Ltd 52,871 99.54% 0.00% 0.46%
33 Tamilnad Mercantile Bank 45,167 99.50% 0.00% 0.50%
34 Saraswat Bank 42,808 99.69% 0.00% 0.31%
35 Jio Payments Bank 41,089 99.73% 0.00% 0.27%
36 Rajasthan Marudhara Gramin Bank 39,003 99.79% 0.00% 0.21%
37 Fincare Small Finance Bank 32,864 99.89% 0.00% 0.11%
38 Kerala Gramin Bank 31,215 99.38% 0.00% 0.62%
39 Andhra Pradesh Grameena Vikas Bank 29,572 99.57% 0.00% 0.43%
40 HSBC Bank 28,071 99.53% 0.00% 0.47%
41 NSDL Payments Bank 27,892 91.53% 0.00% 8.47%
42 Pragathi Krishna Gramin Bank 24,615 82.34% 0.00% 17.66%
43 RBL Bank 23,818 98.93% 0.00% 1.07%
44 Maharashtra Gramin Bank 23,584 99.89% 0.00% 0.11%
45 Andhra Pragathi Grameena Bank 23,491 99.99% 0.00% 0.01%
46 Cosmos Bank 22,588 90.68% 0.00% 9.32%
47 TJSB Sahakari Bank Ltd 15,707 99.94% 0.00% 0.06%
48 DCB Bank Ltd 14,556 99.68% 0.00% 0.32%
49 Karnataka Vikas Grameena Bank 12,753 99.89% 0.00% 0.11%
50 Catholic Syrian Bank 12,631 98.35% 0.00% 1.65%

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'24)
Sr. No. Remitter Bank Total Volume Approved% BD% TD%
1 State Bank Of India 7,43,66,676 31.94% 67.07% 0.98%
2 Kotak Mahindra Bank 2,44,99,764 22.09% 77.57% 0.35%
3 HDFC BANK LTD 2,24,12,845 45.03% 54.82% 0.16%
4 Bank of Baroda 2,17,77,570 27.26% 72.33% 0.41%
5 Union Bank of India 1,99,78,345 25.17% 74.58% 0.26%
6 Punjab National Bank 1,92,68,641 27.98% 71.56% 0.46%
7 Canara Bank 1,27,84,156 30.49% 68.31% 1.20%
8 Axis Bank Ltd. 1,21,81,188 36.81% 63.17% 0.02%
9 India Post Payment Bank 1,12,05,187 9.24% 90.07% 0.69%
10 ICICI Bank 1,08,72,073 49.31% 50.64% 0.05%
11 Bank of India 1,01,80,328 28.29% 70.63% 1.07%
12 Indian Bank 97,23,143 24.18% 75.34% 0.48%
13 Paytm Payments Bank 73,27,248 0.23% 99.37% 0.39%
14 Federal Bank 54,62,267 23.60% 75.96% 0.44%
15 INDUSIND BANK 52,98,806 21.81% 77.72% 0.47%
16 Central Bank Of India 50,56,554 26.74% 71.91% 1.35%
17 UCO Bank 42,15,052 24.17% 75.62% 0.21%
18 Indian Overseas Bank 36,31,239 29.23% 70.49% 0.28%
19 IDBI Bank Limited 30,56,754 31.54% 68.10% 0.36%
20 Bank of Maharashtra 30,20,623 27.30% 70.43% 2.26%
21 IDFC First Bank 25,93,129 23.55% 76.19% 0.25%
22 Yes Bank Ltd 23,65,556 22.54% 77.21% 0.24%
23 Airtel Payments Bank 19,38,053 21.92% 75.60% 2.48%
24 Karnataka Bank 19,35,413 31.38% 68.36% 0.26%
25 Punjab and Sind Bank 12,70,482 21.85% 77.75% 0.40%
26 AU small Finance Bank 12,05,454 26.12% 73.58% 0.30%
27 Karur Vysya Bank 10,91,573 36.66% 63.05% 0.29%
28 Fincare Small Finance Bank Ltd 10,70,333 7.28% 92.43% 0.29%
29 Rajasthan Marudhara Gramin Bank 8,98,857 16.33% 81.33% 2.34%
30 DBS Bank India Limited 8,17,359 24.84% 74.92% 0.23%
31 Equitas Bank 8,13,633 16.29% 83.54% 0.16%
32 South Indian Bank 7,42,664 42.09% 57.82% 0.10%
33 Tamilnad Mercantile Bank 6,77,826 26.50% 73.22% 0.28%
34 RBL 6,13,381 10.99% 88.19% 0.82%
35 City Union Bank 6,06,611 32.73% 66.87% 0.40%
36 Andhra Pradesh Grameena Vikas Bank 5,60,164 18.14% 79.56% 2.30%
37 Maharashtra Gramin Bank 5,24,407 14.09% 83.93% 1.99%
38 Jammu and Kashmir Bank 5,02,263 38.96% 60.26% 0.78%
39 NSDL Payments Bank 4,71,643 9.89% 87.67% 2.44%
40 Jio Payments Bank 4,48,513 14.70% 83.72% 1.58%
41 Saraswat Bank 4,35,194 36.61% 63.00% 0.39%
42 Pragathi Krishna Gramin Bank 3,81,368 25.48% 72.70% 1.82%
43 Standard Chartered 3,53,100 59.11% 40.69% 0.20%
44 Andhra Pragathi Grameena Bank 3,38,420 18.77% 75.97% 5.27%
45 UTKARSH SMALL FINANCE BANK LIMITED 3,03,186 15.50% 84.13% 0.37%
46 CHATISGARH R G BANK 2,97,708 12.21% 85.71% 2.09%
47 Suryoday Small Finance Bank Ltd. 2,60,436 11.23% 88.21% 0.55%
48 Karnataka Vikas Grameena Bank 2,59,043 15.10% 79.09% 5.82%
49 Kerala Gramin Bank 2,44,846 33.24% 65.25% 1.51%
50 Indusind Bank M2P 2,19,845 13.00% 86.41% 0.59%

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'24)
Sr. No. Payer PSP Total Volume Approved % TD % BD %
1 Yes Bank Ltd 1,04,64,328 93.61% 5.74% 0.00%
2 Axis Bank Ltd 55,74,243 93.85% 5.49% 0.00%
3 ICICI Bank 44,14,545 94.33% 5.45% 0.00%
4 HDFC Bank Ltd 24,24,847 92.23% 7.56% 0.00%
5 State Bank Of India 13,88,735 85.78% 14.02% 0.00%
6 BHIM 1,30,302 94.61% 5.08% 0.00%
7 Jio Payments Bank 11,598 89.18% 8.54% 0.00%
8 DBS Bank India Limited 3,139 90.83% 9.14% 0.00%
9 Canara Bank 2,430 91.56% 8.15% 0.00%
10 IndusInd Bank 1,124 86.57% 11.65% 0.00%
11 Central Bank Of India 967 76.22% 23.78% 0.00%
12 Punjab National Bank 59 23.73% 76.27% 0.00%
13 Bank of India 229 75.98% 24.02% 0.00%
14 Dhanlaxmi Bank Ltd 16 56.25% 25.00% 0.00%
15 Equitas Small Finance Bank 1 100.00% 0.00% 0.00%
UPI Autopay Registration - Payee PSP Performance (May'24)
Sr. No. Payee PSP Total Volume Approved % TD % BD %
1 Yes Bank Ltd 1,23,05,371 97.12% 2.56% 0.00%
2 HDFC Bank Ltd 64,74,154 99.99% 0.01% 0.00%
3 Axis Bank Ltd 31,43,088 99.62% 0.38% 0.00%
4 ICICI Bank 25,75,705 99.39% 0.59% 0.00%
5 IndusInd Bank 5,44,173 99.99% 0.01% 0.00%
6 HSBC Bank 1,43,150 100.00% 0.00% 0.00%
7 IDFC FIRST Bank 56,349 100.00% 0.00% 0.00%
8 Kotak Mahindra Bank 1,040 100.00% 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 (May'24)
Sr. No. Payer PSP Total Volume Approved % BD % TD %
1 Yes Bank Ltd 5,07,92,835 97.65% 2.34% 0.01%
2 Axis Bank Ltd 1,67,26,688 96.22% 3.77% 0.01%
3 ICICI Bank 1,39,31,494 96.18% 3.82% 0.01%
4 HDFC Bank Ltd 73,15,474 94.18% 5.82% 0.00%
5 State Bank Of India 33,19,971 94.35% 5.65% 0.00%
6 BHIM 5,07,114 90.67% 9.33% 0.00%
7 DBS Bank India Limited 17,585 42.55% 57.45% 0.01%
8 Jio Payments Bank 15,785 74.96% 2.39% 22.65%
9 Canara Bank 7,718 98.37% 1.63% 0.00%
10 IndusInd Bank 3,410 42.64% 57.36% 0.00%
11 Bank of Baroda 2,419 98.93% 1.07% 0.00%
12 Central Bank Of India 757 91.55% 8.32% 0.13%
13 Punjab National Bank 122 99.18% 0.82% 0.00%
14 Dhanlaxmi Bank Ltd 57 100.00% 0.00% 0.00%
15 Equitas Small Finance Bank 1 100.00% 0.00% 0.00%
UPI Autopay Execution - Payee PSP Performance (May'24)
Sr. No. Payee PSP Total Volume Approved % BD % TD %
1 Yes Bank Ltd 5,37,62,025 99.94% 0.05% 0.02%
2 HDFC Bank Ltd 1,35,81,717 99.66% 0.32% 0.03%
3 ICICI Bank 1,12,16,184 99.96% 0.01% 0.02%
4 Axis Bank Ltd 64,07,415 99.90% 0.10% 0.00%
5 IndusInd Bank 40,16,550 99.04% 0.00% 0.96%
6 HSBC Bank 2,44,898 99.88% 0.00% 0.12%
7 IDFC FIRST Bank 1,89,835 100.00% 0.00% 0.00%
8 Kotak Mahindra Bank 37,696 99.99% 0.00% 0.01%

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.