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 on FYERS
Method 1: While starting a new SIP
- Log in to FYERS (Web or Mobile).
- Go to the 'Mutual funds' section.
- Select a mutual fund scheme and click 'SIP'.
- Enter SIP details like amount, frequency, and date.
- At the payment step, choose 'Create mandate'.
- Select UPI or bank account and authorise the request through your UPI app or bank.
- Once approved, the mandate will be linked to your FYERS account.
Method 2: From the 'Mandates' tab under Funds section
- Log in to FYERS (Web or Mobile).
- Navigate to the 'Funds' section.
- Click on the 'Mandates' tab.
- Select 'Create mandate'.
- Enter your UPI ID or choose your bank account.
- Complete the authorisation via UPI or net banking.
The created mandate can be used across all SIPs up to the ₹1,00,000 combined limit.
What if...
| Scenario | Explanation |
|---|
| You don’t complete UPI/bank authorisation | The mandate creation will fail and won’t be usable for SIPs. |
| You already have an active mandate | FYERS will auto-link the SIPs to the existing mandate. |
| Your selected bank isn’t supported | You'll receive a prompt to use an alternate bank or UPI option. |
| The mandate status shows pending | Activation can take up to 3-5 working days—track it under 'Orders'. |
Last updated: 11 Jun 2025
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