AIP Facility for UPI Transactions from Bank (not 'Neo bank') Accounts!

[Finchamp!]

Hi Fam,

Are there any banks which provide Automatic Investment Features on UPI transactions (AIP)?

I know Jupiter A/C (and maybe Fi) has the option of auto-investing small amounts to Digital Gold or Mutual Funds, whenever any UPI transaction is done from it (They call it "invest as you pay").

However, call me orthodox, but I find neobanks too "gimmicky".

In said light, please confirm if there are any RBI regulated Banks whose apps - (1) allow UPI payments from its savings account , and, (2) provide auto-investing of predetermined "additional" amount from that savings account into MF/ Gold/ Other, for each said UPI transaction.

Looking forward to a constructive discussion! Cheers!

 

[asahi]

Not upi or mf/gold but icici got save the change feature It saves the change on every mode of transaction(upto 50 or 100 user’s discretion) & deposits on recurring deposit

 

[Finchamp!]

Thanks. This is useful information. I can see an 'iWish' feature. Is that the one?

 

[Finchamp!]

Not upi or mf/gold but icici got save the change feature It saves the change on every mode of transaction(upto 50 or 100 user’s discretion) & deposits on recurring deposit

Also, by 'every mode of txn' - do you mean UPI payment even through other UPI payment apps (e.g. Bhim, CRED etc.)?

 

[asahi]

Also, by 'every mode of txn' - do you mean UPI payment even through other UPI payment apps (e.g. Bhim, CRED etc.)?

Yes & yes