Terms & Conditions – UPI Auto Debit (UPI Autopay)
- By authorizing the UPI Auto Debit mandate, the customer permits Finvesco to automatically debit EMI payments from the registered UPI account on scheduled due dates.
- The customer will receive a pre-debit notification from the UPI application before the debit is executed.
- The debit will be processed only after customer approval as per UPI Autopay guidelines (for mandates above the permitted limit).
- The customer must ensure sufficient balance in the linked bank account before the scheduled debit date.
- In case of insufficient balance or debit failure, Finvesco may apply late payment charges as per the loan agreement.
- Customers may pause or cancel the mandate anytime through their UPI application.
- Finvesco shall not be responsible for delays or failures caused due to banking network issues, UPI system errors, or technical failures.
- All disputes related to UPI Auto Debit transactions must be reported within 7 days of the transaction date.