UPI AutoPay on Coin – Automate your investments

Systematic Investment Plans, or SIPs, are built on one simple idea, consistency. By investing a fixed amount at regular intervals, SIPs average out your buying costs and allow compounding to work quietly in the background. But many investors lose these benefits by pausing instalments when markets fall or delaying them while waiting for the “right time.” Ironically, this defeats the very purpose of SIPs. The real strength of an SIP lies in sticking to it through every market cycle.

To help with this, we’re introducing UPI AutoPay on Coin. With AutoPay, your SIPs run automatically on the scheduled date, without any need for manual approvals or reminders. Once set up, your bank creates a standing instruction to process the payments in real time, so your investments continue seamlessly in the background.

The biggest advantage of automation is that it takes emotions and hesitation out of the equation. You don’t second-guess the market or postpone investing. You simply stay invested, month after month, allowing compounding to do its work. And if you ever need to, you still have full control to pause, modify, or cancel your SIPs at any time.

Setting up UPI AutoPay on Coin

You can set up UPI AutoPay directly within the Coin app by following the steps below. To set up UPI AutoPay from Coin, click here.

Step 1: Tap on Account at the bottom of your screen

Step 2: Tap on Mandates

Step 3: Tap on Create mandate

Step 4: Enter the name for your mandate and tap on Proceed

Step 5: Tap on Confirm autopay and enter your UPI PIN

Important: The system will debit a nominal one rupee from your account during setup. The exchange later refunds this amount and only uses it to verify that the system works correctly.

Using AutoPay for your SIP investments

Once you establish the mandate, you can easily apply it to your SIP investments:

For new SIPs: Select your AutoPay mandate from the dropdown menu during the SIP setup process.

For existing SIPs: Modify your existing SIP and select the mandate from the dropdown menu to convert it to AutoPay.

If you have questions about UPI AutoPay or need help with the setup process, please post them in the comments below.