Here's a step-by-step guide on how to use Net Banking for setting up Autopay for your Stock SIP Orders:

Step 1: Log in to your Upstox account.

Step 2: Switch to Upstox Pro mode.

Step 3: Head to ‘SIP’ in the Orders tab.

Step 4: Select the SIP Order for Autopay.

Step 5: Click on ‘Autopay mandate’.

Step 6: Click on ‘Setup a new Autopay’.

Step 7: Select the payment method as Net Banking (for up to ₹2,00,000).

Step 8: Click on continue and you’ll be redirected to the Net Banking page.

Step 9: Authenticate the mandate request with a password or OTP.

Step 10: Approve the mandate and you are done.

Upstox will notify you after the mandate is created successfully. You'll also receive a notification before any SIP is executed to confirm the approximate amount.

Conditions for using Net Banking for Autopay:

• Net Banking facility should be active for your bank account.
• The maximum limit for Net Banking mandates is ₹2,00,000. Ensure your SIP amounts are within this limit.
• Ensure you have sufficient funds in your bank account to cover the SIP amount on the due date.
• Your bank might require additional verification such as OTP or security questions.
• Mandate created using Net Banking is a one-time process and can be linked to multiple SIPs.