Home › Collections › Deposit Collections

Deposit Collection Infrastructure for NBFCs and Credit Cooperatives

UPI Autopay & eNACH mandate-based deposit collections — higher collection efficiency, go live in 48 hours, with a dedicated account manager.

RocketPay dashboard showing mandate collection status and trends, with the mobile app alongside

Home › Collections › Deposit Collections

Deposit Collection Infrastructure for NBFCs and Credit Cooperatives

UPI Autopay & eNACH mandate-based deposit collections — higher collection efficiency, go live in 48 hours, with a dedicated account manager.

RocketPay dashboard showing mandate collection status and trends, with the mobile app alongside

Home › Collections › Deposit Collections

Deposit Collection Infrastructure for NBFCs and Credit Cooperatives

UPI Autopay & eNACH mandate-based deposit collections — higher collection efficiency, go live in 48 hours, with a dedicated account manager.

RocketPay dashboard showing mandate collection status and trends, with the mobile app alongside

Deposit Collections with the Right Infrastructure

Deposit Collections with the Right Infrastructure

Higher Collections Efficiency

Smart retry basis user balance, preventing debit failure

Collections chart showing a 92.6% success rate, up 18.7%
Go-Live in 48 Hours

Simple API integrations and support to get you collecting fast

Dial showing 48 hours to go live
24/7 Account Manager

We wont let you get blocked for minor issues. Dedicated support at all times

Account manager avatar with a 24/7 support badge
Custom Retry Schedules

Design your own penalties, retries, amounts and schedules to mirror internal policy

Workflow diagram: when a payment is overdue by more than 3 days, retry on day 1 and day 3
On Time Settlements

Reliable settlements that keep your operations smooth

Settlement card showing ₹56,000 settled on time, with a verified tick
Plugs into Your Existing PSP

RocketPay won't replace but sits on top of your workflow

RocketPay plugging into an existing PSP

Integration & Setup

From core banking to live LMS

Member Onboarded & Mandate Registered

Member Onboarded & Mandate Registered

UPI Autopay or eNACH

Via API & SDK

Deposit Schedule & Mandate Authorised

Member Onboarded & Mandate Registered

Amount & frequency configured

Monthly, quarterly or custom

Auto Collection Presented

Member Onboarded & Mandate Registered

Auto presentation via UPI Autopay or eNACH

Optimised timing

Settled to You

Member Onboarded & Mandate Registered

Settlement on T+1

Every settlement on time

Indian Lenders trust RocketPay

+
Businesses Served
+
Businesses Served
₹cr
Mandates created
₹cr
Mandates created
Lac+
Transactions created
hrs
Transactions created
Lac+
Transactions created
Smartphone with the RocketPay logo secured by a padlock, surrounded by rupee coins — device-level locking

RocketPay DLC gets you <1% NPA with

Device‑level locking that makes default the exception, not the norm

Smartphone with the RocketPay logo secured by a padlock, surrounded by rupee coins — device-level locking

RocketPay DLC gets you <1% NPA with

Device‑level locking that makes default the exception, not the norm

Deploy RocketPay Your Way

Deploy RocketPay Your Way

Two ways to get started — pick what fits your team and technical setup
Two ways to get started — pick what fits your team and technical setup

API & SDK

Integrate RocketPay directly into LMS/LOS. Full control over mandate creation, collection scheduling & status tracking

For LMS/LOS integrations

Webhooks and mandate status APIs

Real-time debit status and retry hooks

Works with your existing PSP

Go live in 48 hours

Google Play

Android App

Quick onboarding for smaller lenders or hybrid field teams. Create mandates and track collections on the go

No API integration needed

Mandate creation from mobile

Real-time collection status

Ideal for field officers and smaller NBFCs

Go live in 48 hours

API & SDK

Integrate RocketPay directly into LMS/LOS. Full control over mandate creation, collection scheduling & status tracking

For LMS/LOS integrations

Webhooks and mandate status APIs

Real-time debit status and retry hooks

Works with your existing PSP

Go live in 48 hours

Google Play

Android App

Quick onboarding for smaller lenders or hybrid field teams. Create mandates and track collections on the go

No API integration needed

Mandate creation from mobile

Real-time collection status

Ideal for field officers and smaller NBFCs

Go live in 48 hours

Got questions?
We’ve got answers.

Still have questions?
Contact us and we’ll help you out.

01

What is a mandate?

A mandate is a one-time permission your customer gives you to collect payments automatically on a scheduled date. They approve it once — through UPI Autopay or eNACH, which are NPCI's systems for automated recurring payments — and every collection after that happens without any follow-up needed from either side.

01

What is a mandate?

A mandate is a one-time permission your customer gives you to collect payments automatically on a scheduled date. They approve it once — through UPI Autopay or eNACH, which are NPCI's systems for automated recurring payments — and every collection after that happens without any follow-up needed from either side.

02

How does RocketPay automate collections?

Once your customer sets up a mandate, RocketPay handles everything from there. On the due date, the payment is collected automatically via UPI Autopay or eNACH — no manual follow-up needed. If a payment fails, RocketPay retries automatically at the right time. You can also retry manually on your own chosen date directly from the dashboard. Every collection attempt and its status is visible in real time on your dashboard.

02

How does RocketPay automate collections?

Once your customer sets up a mandate, RocketPay handles everything from there. On the due date, the payment is collected automatically via UPI Autopay or eNACH — no manual follow-up needed. If a payment fails, RocketPay retries automatically at the right time. You can also retry manually on your own chosen date directly from the dashboard. Every collection attempt and its status is visible in real time on your dashboard.

03

Which banks and UPI apps support UPI AutoPay mandate registration?

Any NPCI-registered UPI app and bank supports UPI AutoPay mandate registration — including PhonePe, Google Pay, Paytm, BHIM, WhatsApp Pay, Amazon Pay, and all major bank-native apps. The mandate is registered against the customer's VPA handle. For the complete and updated list of supported banks and PSP apps, visit the official NPCI page.

03

Which banks and UPI apps support UPI AutoPay mandate registration?

Any NPCI-registered UPI app and bank supports UPI AutoPay mandate registration — including PhonePe, Google Pay, Paytm, BHIM, WhatsApp Pay, Amazon Pay, and all major bank-native apps. The mandate is registered against the customer's VPA handle. For the complete and updated list of supported banks and PSP apps, visit the official NPCI page.

04

What instruments can customers use to authenticate an eNACH mandate?

The three most common eNACH mandate authentication methods are — Net Banking, Debit Card, and Aadhaar OTP. Some banks additionally support PAN-based authentication, and a few offer Customer ID-based authentication via their own portal. Available methods vary by bank. For the complete list of supported banks and their authentication options, visit the official NPCI page.

04

What instruments can customers use to authenticate an eNACH mandate?

The three most common eNACH mandate authentication methods are — Net Banking, Debit Card, and Aadhaar OTP. Some banks additionally support PAN-based authentication, and a few offer Customer ID-based authentication via their own portal. Available methods vary by bank. For the complete list of supported banks and their authentication options, visit the official NPCI page.

05

What is the per-transaction limit for UPI Autopay and eNACH collections?

These limits apply per debit — not per mandate. UPI Autopay supports collections up to ₹15,000 per transaction. eNACH supports up to ₹1 crore per transaction. The mandate itself carries no amount cap — it simply authorises future debits on the schedule you set. For portfolios where each collection exceeds ₹15,000, eNACH is the appropriate instrument.

05

What is the per-transaction limit for UPI Autopay and eNACH collections?

These limits apply per debit — not per mandate. UPI Autopay supports collections up to ₹15,000 per transaction. eNACH supports up to ₹1 crore per transaction. The mandate itself carries no amount cap — it simply authorises future debits on the schedule you set. For portfolios where each collection exceeds ₹15,000, eNACH is the appropriate instrument.

06

What do the different mandate statuses mean?

Pending — The mandate link has been sent to your customer, but it is not approved yet. No collections will happen until your customer authorises the mandate. Active — Your customer has approved the mandate. Collections will run automatically on the scheduled dates. Paused — The mandate is active but temporarily paused. No future debits will be attempted until the mandate is unpaused or resumed. Finished — The mandate has completed its full tenure. No further debits will occur. Cancelled — The mandate has been cancelled. No further debits will occur. Expired — The mandate link was not approved within the validity window and has lapsed. You will need to send a new mandate request to the customer.

06

What do the different mandate statuses mean?

Pending — The mandate link has been sent to your customer, but it is not approved yet. No collections will happen until your customer authorises the mandate. Active — Your customer has approved the mandate. Collections will run automatically on the scheduled dates. Paused — The mandate is active but temporarily paused. No future debits will be attempted until the mandate is unpaused or resumed. Finished — The mandate has completed its full tenure. No further debits will occur. Cancelled — The mandate has been cancelled. No further debits will occur. Expired — The mandate link was not approved within the validity window and has lapsed. You will need to send a new mandate request to the customer.

07

Can collections happen after a mandate is either finished or cancelled?

No. Once a mandate is finished or cancelled, no further debits are possible against it. The mandate is permanently closed. If you need to start collections again, a new mandate must be created and approved by the customer.

07

Can collections happen after a mandate is either finished or cancelled?

No. Once a mandate is finished or cancelled, no further debits are possible against it. The mandate is permanently closed. If you need to start collections again, a new mandate must be created and approved by the customer.

08

Does a customer need to approve each collection separately?

No. A mandate requires only one-time authorisation. Once approved, all subsequent collections within the mandate happen automatically on the scheduled dates — no OTP, no PIN, no action required from either party.

08

Does a customer need to approve each collection separately?

No. A mandate requires only one-time authorisation. Once approved, all subsequent collections within the mandate happen automatically on the scheduled dates — no OTP, no PIN, no action required from either party.

09

Is KYC required to start using RocketPay?

Yes — your business will need to complete a one-time KYC verification as part of onboarding. This is a standard regulatory requirement for all businesses using payment infrastructure in India. No KYC is required from your end customers — they simply authenticate the mandate, and collections run from there.

09

Is KYC required to start using RocketPay?

Yes — your business will need to complete a one-time KYC verification as part of onboarding. This is a standard regulatory requirement for all businesses using payment infrastructure in India. No KYC is required from your end customers — they simply authenticate the mandate, and collections run from there.

10

How long does settlement take after a successful collection?

Settlement happens on T+1 — funds are credited to your account on the next business day after a successful collection. This applies to both UPI Autopay and eNACH. Settlement timing starts from when the debit is confirmed on the customer's account. You can track exact collection and settlement timestamps in real time from your RocketPay dashboard.

10

How long does settlement take after a successful collection?

Settlement happens on T+1 — funds are credited to your account on the next business day after a successful collection. This applies to both UPI Autopay and eNACH. Settlement timing starts from when the debit is confirmed on the customer's account. You can track exact collection and settlement timestamps in real time from your RocketPay dashboard.

Talk to us about your collection challenges — let us show you how we can be of help!

Talk to us about your collection challenges — let us show you how we can be of help!