What is Mandate and E-mandate?

The mandate is an authorization given by the client to enable auto-debit from his/her bank account. Every SIP needs to be linked to a mandate for auto-debit of instalment.

Multiple SIPs can be registered with a single mandate. There are two types of mandates:

a) E-mandate i.e., online mode.

b) Paper mandate i.e., offline mode.

****The e-mandate can be registered up to Rs 10,00,000 as the mandate amount.

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