How to register for E-Mandate?
IFA can initiate E-mandate on behalf of their investor with below steps:
• Login on your portal with OTP on registered no.
• Click on “Contacts” <<<< “Client Account”.
• Chose the name of your investor from the list and click on “MF readiness”.
• Go to “Digital MF account” there is option of Bank Mandate.
• Fill in all the bank details and click on “verify& add”.
• CAN should be created for this step: IFA can see linked bank account under “linked bank accounts and debit mandates”. Click on eye button under “Action”.
• Click on “Add new Mandate” fill “start date”, “end date” and “amount” and click on “Register Mandate”.
• Email will be triggered to registered email id of investor from CAMS/Karvy with approval link.
• Investor needs to click on link and approve the same to set E-mandate.