Collections Infrastructure for Credit Cooperative Societies.
UPI Autopay & eNACH mandate-based loan and deposit collections — higher collection efficiency, go live in 48 hours, with a dedicated account manager.
Who We Serve
Built for every type of credit cooperative.
From urban credit societies to rural cooperatives and member-based financial institutions — one collections stack, built for loan and deposit workflows.
Book Demo
Urban Credit Cooperative Societies
Mandate-based loan and deposit collections built for member portfolios at scale.
Rural Credit Societies
Collections infrastructure aligned to rural repayment cycles and field operations.
Member-Based Financial Institutions
Recurring deposit and loan collections supported across member lifecycles.
Problems Faced
What member collections look like without the right infrastructure.
Missed contributions every cycle
Recurring deposits and loan EMIs depend on timely debits. Without intelligent retry, missed contributions compound across the member base.
Long time to go live
Most collections vendors force a fresh integration cycle — weeks of spec calls, testing, and delayed member onboarding.
Member relationships managed through a ticket queue
Cooperatives run on relationships, not tickets. When something breaks, your team needs a person on the phone — not a support queue.
Dual collection needs treated as exceptions
Cooperatives collect both loans and deposits. Most platforms treat this as a workaround — we treat it as core.
Collections support limited to business hours
Cooperative operations extend beyond office hours. When something breaks at 11pm, a ticket queue is not sufficient.
Settlements delayed
Unpredictable settlement cycles make it harder to plan disbursements and report accurately to members and regulators.
Why RocketPay
Why cooperatives find what they need here and not on standard platforms.
Mandate management built for both sides of the cooperative ledger — loans and deposits — with dedicated support.
- Higher collection efficiency
- Go live in 48 hours
- Dedicated Account Manager
- Custom coverage for cooperative collection scenarios
- 24x7 Support
- On-time settlements
Our Impact
Credit cooperatives across India trust RocketPay to collect.
How to Deploy
Deploy RocketPay your way.
Two ways to get started — pick what fits your technical setup.
API & SDK
Integrate mandate-based loan and deposit collections directly into your core system.
- For core banking / LMS integrations
- Webhooks and mandate status APIs
- Loan and deposit mandates in one stack
- Works with your existing PSP
- Go live in 48 hours
Android App
Quick onboarding for field teams. Create mandates and track collections from mobile — no API integration needed.
- No API integration needed
- Mandate creation from mobile
- Real-time collection status
- Loan and deposit workflows
- Go live in 48 hours
Get started
Let's improve your loan and deposit collection efficiency.
Automate member loan and deposit collections with UPI Autopay and eNACH — go live in 48 hours.
FAQs
Frequently asked questions
A mandate is a one-time permission your member 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.
Once a mandate is registered, RocketPay handles the full collection lifecycle automatically. On the due date, a debit instruction is triggered via UPI Autopay or eNACH. If the debit fails, intelligent retry runs automatically until the mandate window closes. Every attempt, status change, and settlement is logged in real time — accessible via dashboard or API webhook.
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.
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.
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.
Pending — The mandate link has been sent to your member, but it is not approved yet.
Active — Your member has approved the mandate. Collections will run automatically on the scheduled dates.
Paused — The mandate is active but temporarily paused.
Finished — The mandate has completed its full tenure.
Cancelled — The mandate has been cancelled.
Expired — The mandate link was not approved within the validity window and has lapsed.
No. Once a mandate is finished or cancelled, no further debits are possible against it. A new mandate must be created and approved.
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.
Yes — your cooperative will need to complete a one-time KYC verification as part of onboarding. No KYC is required from your members — they simply authenticate the mandate, and collections run from there.
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.