How can I cancel the bank mandate on FYERS?
We understand that you may want to revoke your bank mandates for various reasons. While FYERS facilitates setting up e-mandates online, canceling them currently involves an offline process. Here's a detailed guide to help you through it.
What is a bank mandate?
A bank mandate, or e-mandate, is an instruction that authorises FYERS to automatically debit your linked bank account for adding funds. This is commonly used for recurring investments like SIPs.
How to cancel a bank mandate?
Option 1: Cancel through your bank
- Contact your bank through their branch or customer support channels.
- Provide the 7-digit UMRN (Unique Mandate Reference Number) linked to FYERS.
- Request them to cancel the mandate associated with your account.
Option 2: Ignore the mandate request
- If you received an e-mandate request but haven’t approved it, you can choose to disregard or decline it.
What if you don't remember your UMRN?
| Scenario | Solution |
|---|
| You can't find the UMRN or mandate ID | Log in to your bank’s net banking platform or call their support to retrieve it. |
| You deleted the notification with the mandate info | Check your SMS or email alerts from the bank, or visit your branch. |
Cancelling the bank mandate won’t affect your FYERS account in any way. You can continue adding funds via manual transfers like NEFT, IMPS, or RTGS.
Last updated: 10 Jun 2025
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