How to Create a UPI Mandate for Fund Transfers in FYERS?
You can automate fund transfers to your FYERS trading account by creating a UPI mandate. Once approved, your linked bank account will be auto-debited based on the selected frequency. This guide explains how to set up the mandate using the FYERS App or Web.
Steps to Create a Fund Transfer Mandate
On FYERS App
- Open the FYERS App and log in.
- Tap on Funds available, then tap Add Funds.
- Select UPI, enter the amount and your UPI ID.
- Tap Verify, choose a frequency (Daily, Weekly, Monthly, etc.), then tap Proceed.
- Authorise the mandate in your UPI app when prompted.
On FYERS Web
- Log in to FYERS Web.
- Click the Funds icon (wallet symbol).
- You will land on the Add funds page.
- Select UPI as the payment method.
- Enter the amount and your UPI ID, then click Verify.
- Choose a frequency and click Proceed.
- Approve the request in your UPI app to activate the mandate.
Once approved, your bank will auto-debit funds based on your selected schedule.
To avoid payment failures, make sure your UPI ID is active and linked to your registered bank account before setting up the mandate.
What If...
| Scenario | What to do |
|---|
| UPI verification fails | Ensure the UPI ID is valid and linked to your registered bank account. |
| Mandate not visible in UPI app | Check under the AutoPay or Mandates section of your UPI app. Wait a few minutes if needed. |
| Want to change the amount or frequency | Cancel the current mandate and create a new one with updated values. |
| Need to reactivate a mandate | Old mandates cannot be reused. You must create a new one. |
| Amount was debited after cancellation | This should not occur. Contact us immediately. |
Last updated: 02 Sep 2025
Related Articles
How to create an e-mandate on FYERS?
An e-mandate is a digital permission that enables automatic debit from your bank account for SIP payments in mutual funds. We allows you to create a mandate either during SIP setup or directly from the 'Funds' section. Methods to create an e-mandate ...
What is a bank mandate in mutual fund investments?
A bank mandate is a one-time authorisation that allows FYERS to automatically debit your bank account or UPI for mutual fund investments. It eliminates the need to manually approve each transaction, making SIPs and one-time investments seamless, ...
How do I Cancel a Fund Transfer Mandate in FYERS?
You can cancel an active UPI mandate from the Mandates section under the Funds tab in both FYERS Web and FYERS App. This stops any future automatic debit requests from your linked bank account. You can also request cancellation via your bank if ...
What Are the Frequency Options Available for Setting up a Mandate in FYERS?
FYERS offers flexible frequency options when you set up a fund transfer mandate, allowing you to automate deposits based on your trading preferences. Once a mandate is authorized, funds are debited from your registered bank account and credited to ...
How can I track the status of my bank mandate with FYERS?
Setting up a bank mandate enables automatic SIP payments in funds and mutual funds. After you submit a mandate request in FYERS, you can track its approval and usage status from within the platform on both the App and the Web. What is a bank mandate? ...