{"id":9235,"date":"2018-11-30T09:36:41","date_gmt":"2018-11-30T09:36:41","guid":{"rendered":"http:\/\/adda.io\/blog\/?p=9235"},"modified":"2023-11-02T04:20:46","modified_gmt":"2023-11-02T04:20:46","slug":"with-adda-upi-pay-apartment-maintenance-fee-and-utility-bills-easily","status":"publish","type":"post","link":"https:\/\/adda.io\/blog\/2018\/11\/with-adda-upi-pay-apartment-maintenance-fee-and-utility-bills-easily\/","title":{"rendered":"ADDA is now integrated with UPI Apps! &#8211; BHIM, PhonePe, Paytm, GooglePay &#038; more for Indian customers"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69df36429c1ca\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69df36429c1ca\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/adda.io\/blog\/2018\/11\/with-adda-upi-pay-apartment-maintenance-fee-and-utility-bills-easily\/#Great_news_for_Associations_and_Housing_Societies_in_India\" >Great news for Associations and Housing Societies in India!<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/adda.io\/blog\/2018\/11\/with-adda-upi-pay-apartment-maintenance-fee-and-utility-bills-easily\/#BENEFITS_FOR_RESIDENTS\" >BENEFITS FOR RESIDENTS:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/adda.io\/blog\/2018\/11\/with-adda-upi-pay-apartment-maintenance-fee-and-utility-bills-easily\/#BENEFITS_FOR_ASSOCIATIONS_HOUSING_SOCIETIES\" >BENEFITS FOR ASSOCIATIONS \/ HOUSING SOCIETIES:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/adda.io\/blog\/2018\/11\/with-adda-upi-pay-apartment-maintenance-fee-and-utility-bills-easily\/#FAQ\" >FAQ<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"Great_news_for_Associations_and_Housing_Societies_in_India\"><\/span><span style=\"font-weight: 400;\">Great news for Associations and Housing Societies in India!<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">ADDA now has UPI available for collecting Apartment Maintenance Fee, Sinking Fund, Facility Booking charges and any dues payable to the Association \/ Society bank (The Merchant)!<\/span><\/p>\n<p><strong>Even greater news:<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Thanks to NPCI and our gateway partners, the MDR (Merchant Discount Rate) is ZERO for amounts less than 2000. Most Associations have ad hoc apartment maintenance fee or bills below Rs.2000 &#8211; Facility Booking Charges, Utility Bills, Move-in\/out charges etc.<\/span><\/p>\n<p><a href=\"UPI-ADDA\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-9243 size-full\" src=\"http:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/UPI-SM-1.png\" alt=\"MC Members can collect Apartment Maintenance Fee via UPI from Residents\" width=\"1200\" height=\"628\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/UPI-SM-1.png 1200w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/UPI-SM-1-150x79.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/UPI-SM-1-300x157.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/UPI-SM-1-768x402.png 768w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/UPI-SM-1-1024x536.png 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">For apartment maintenance fee equal to or greater than Rs. 2000, the MDR charge is a flat fee of Rs.15 \/ transaction, including Taxes!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This means a maximum MDR of Rs.15\/Transaction as against maximum MDR of Rs.1000\/transaction that is charged to Commercial Merchants!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With this significant CASHLESS disruption for Housing Societies, most Associations on ADDA plan on absorbing the UPI MDR, so that 100% Collections from Residents can then be made Cashless!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For ADDA Customers this means 100% automated apartment maintenance fee Billing and Collection!!<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"BENEFITS_FOR_RESIDENTS\"><\/span><span style=\"font-weight: 400;\">BENEFITS FOR RESIDENTS:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">1. Pay in the quickest mode available &#8211; UPI<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">2. Avail CashBack Offers as running on various UPI apps<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">3. In cases where your Association is absorbing the MDR, you pay no additional charge, not even that Rs.15! <\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"BENEFITS_FOR_ASSOCIATIONS_HOUSING_SOCIETIES\"><\/span><span style=\"font-weight: 400;\">BENEFITS FOR ASSOCIATIONS \/ HOUSING SOCIETIES:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">1. Mandate all Residents to pay online! Save high Administrative overheads, reconciliation related disputes, be a proud Cashless and Corruption Free Organisation!<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">2. Avail the <a href=\"https:\/\/adda.io\/contact-us.php\" target=\"_blank\" rel=\"noopener noreferrer\">Special Starter Package<\/a> of ADDA, where you get ADDA\u02bcs Collection Module free of Subscription Cost!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">ADDA thanks our Partners in bringing FinTech benefits to Apartment Owners Associations and Housing Societies in India!<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9239\" src=\"http:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/blog-UPI.png\" alt=\"Thanks to NCPI, PayU and Razorpay\" width=\"1200\" height=\"628\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/blog-UPI.png 1200w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/blog-UPI-150x79.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/blog-UPI-300x157.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/blog-UPI-768x402.png 768w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2018\/11\/blog-UPI-1024x536.png 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQ\"><\/span><span style=\"font-weight: 400;\">FAQ<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Q1. How long will these attractive MDRs continue?<\/strong><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">A. These rates are subsidized by the Government and will continue as long as Government support \/ NPCI support is present. Per our\u00a0<\/span><span style=\"font-weight: 400;\">knowledge, the rate of zero below Rs.2000 is committed by the Govt till Dec 2019.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><strong>Q2. Will I get guaranteed cashback for all payments to my Society?<\/strong><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">A. Cashback and other offers are given from time to time by Leading UPI apps that are integrated on ADDA. When these offers are\u00a0<\/span><span style=\"font-weight: 400;\">available you may utilize them.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><strong>Q3. I don\u02bct pay anything additional when making UPI payment to my newspaper vendor. Why is there any additional charge (MDR) at all for UPI payment to my Association\/Society?<\/strong><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">A. When Individuals are collecting via UPI it is a peer-to-peer transaction that incurs no charges as of now.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, an Association is considered a Merchant and the Transaction Processing Charge is applicable for Merchants. Like Commercial Merchants, many Associations are absorbing the UPI charges so 100% payments can happen online.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Great news for Associations and Housing Societies in India! ADDA now has UPI available for collecting Apartment Maintenance Fee, Sinking Fund, Facility Booking charges and any dues payable to the&hellip;<\/p>\n","protected":false},"author":18,"featured_media":9243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[109,2026,2019],"tags":[1070,1352,151,1072,1353],"class_list":["post-9235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-adda-home-owners-association","category-adda-for-community-residents","category-adda-india-housing-society-apartment-management","tag-cashless-economy","tag-cashless-india","tag-digital-india","tag-india-cashless","tag-upi"],"_links":{"self":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/9235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/comments?post=9235"}],"version-history":[{"count":9,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/9235\/revisions"}],"predecessor-version":[{"id":11037,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/9235\/revisions\/11037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media\/9243"}],"wp:attachment":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media?parent=9235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/categories?post=9235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/tags?post=9235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}