How to Create or Cancel a UPI Mandate for Fund Transfers in FYERS?
You can automate fund transfers to your FYERS trading account by setting up a UPI AutoPay mandate. This allows your linked bank account to be debited at a set frequency without manual intervention. Here's how to create or cancel a UPI mandate using FYERS Web or App.
How to Create a Fund Transfer Mandate
- Click the wallet icon → Funds.
- Select Overview → Add Funds.
- Choose UPI, enter amount and UPI ID.
- Click Verify, select frequency, and Proceed.
- Approve in your UPI app.
On FYERS App
- Tap Funds available → Add Funds.
- Select UPI, enter the amount, and UPI ID.
- Tap Verify, choose frequency, then Proceed.
- Approve in your UPI app.
Once confirmed, your bank will auto-debit as scheduled.
How to Cancel a Fund Transfer Mandate
- Click the wallet icon → Funds.
- Select Mandates.
- Choose a mandate → Cancel Mandate.
On FYERS App
- Tap Funds available → Mandates.
- Select a mandate → Cancel Mandate.
Once cancelled in FYERS, the mandate also stops in your UPI app. No further steps needed.
What If...
| Scenario | What to Do |
|---|
| UPI verification fails | Check UPI ID format and linked account. |
| Mandate not visible in UPI app | Wait or check under AutoPay manually. |
| Want to change amount or schedule | Cancel and set up a new mandate. |
| Need to reactivate mandate | Create a new one. Old mandates can't be reused. |
| Deduction after cancellation | Shouldn’t happen. Contact us if it does. |
Last updated: 19 Aug 2025
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