E-Mandate FAQs
E-Mandate registration involves authorizing recurring payments directly from a bank account using an electronic mandate. It enables users to set up automat...
Fri, 27 Sep, 2024 at 3:26 PM
Once you register for an e-Mandate, you authorize a specific amount to be automatically deducted from your account at regular intervals (monthly, quar...
Fri, 27 Sep, 2024 at 1:55 PM
The e-mandate for recurring payments is capped at ₹10 lakhs.
Fri, 27 Sep, 2024 at 1:55 PM
The process is usually approved immediately, but it may take up to 2 working days in certain cases.
Fri, 27 Sep, 2024 at 1:56 PM
There are no additional charges on the e-mandate facility provided by us.
Fri, 27 Sep, 2024 at 1:56 PM
The UPI AutoPay feature, enables users to schedule fixed monthly payments including loan EMIs, subscriptions, and utility services. The specified amount wil...
Fri, 27 Sep, 2024 at 1:57 PM
Subscribers can authorize future UPI AutoPay payments up to ₹15,000 by completing a one-time OTP verification through any UPI app.
Fri, 27 Sep, 2024 at 1:58 PM
Yes, the e-mandate is secure and follows stringent security protocols, including multi-factor authentication and data encryption. It is regulated by Reserve...
Fri, 27 Sep, 2024 at 1:58 PM
Yes, you can cancel an e-Mandate, but it can only be done if the related loan is canceled or fully repaid.
Fri, 27 Sep, 2024 at 1:59 PM
While you can update details such as bank account information, please note that, the EMI frequency and debit type are fixed and will remain unchanged, as th...
Fri, 27 Sep, 2024 at 1:59 PM