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 your FYERS trading account on the chosen schedule.
Available mandate frequencies
| Frequency Type | Description |
|---|
| Daily | Funds are debited every trading day. Debits follow a T+1 cycle. |
| Weekly | A fixed debit occurs once every week. |
| Monthly | Funds are transferred once per month on a recurring schedule. |
| Quarterly | Automatic transfers occur once every three months. |
| Quarterly Settlement +1 | Funds are credited the day after SEBI’s quarterly settlement date. |
Example (Daily Frequency)
- If you authorize a mandate on 2nd September 2024, the first debit will be executed the same day.
- The next debit will occur on 4th September, following the standard T+1 cycle.
- Subsequent debits continue automatically on each trading day at the same time.
All recurring debits—regardless of frequency—are processed between 8:00 AM and 9:00 AM on the scheduled day.
What if…
| Scenario | What you can do |
|---|
| You want to change the frequency | Cancel your current mandate and create a new one with the desired frequency. For process, refer to this article. |
| You selected Daily but don’t want a T+1 gap | T+1 is standard for daily mandates. Consider switching to a weekly or monthly option. |
| No debit occurred on a scheduled day | Check for insufficient funds, expired mandate, or any alert in your UPI app. |
Ensure your bank account has sufficient balance before 8:00 AM on scheduled debit days to avoid mandate failure.
Last updated: 21 Aug 2025
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