What are the frequency options available for setting up a mandate in FYERS?
You can set up mandates with the following frequencies:
Daily, Weekly, Monthly, and Quarterly: Funds will be debited automatically from your bank account and credited to your trading account at these regular intervals.
Quarterly Settlement +1: Funds are added to your trading account automatically the day after a quarterly settlement is completed.
Note: The first debit will occur on the day the mandate is created and authorized. For daily mandates, subsequent debits will follow a T+1 cycle. All debits, regardless of frequency, will occur between 8:00 to 9:00 AM.
Example for Daily Frequency:
If you authorize a mandate on 2nd September 2024, the first debit will occur on the same day once the authorization is successful.
The next debit will occur on 4th September 2024, following the T+1 cycle.
Subsequent debits will continue daily between 8:00 to 9:00 AM.
Related Articles
How do I activate a mandate to transfer funds in FYERS?
To activate a mandate for transferring funds: Go to the Funds page on Web or funds tab. Ensure you are on the "Add" tab. Select UPI as the payment method and enter the amount you wish to transfer. Enter your UPI ID and click on Verify. Once verified, ...
How do I cancel a fund transfer mandate in FYERS?
To cancel a fund transfer mandate in FYERS: Go to the Funds page or the Funds section in the app. Click on Mandates and select the mandate you wish to cancel. At the bottom, click on Cancel Mandate. Your mandate will be cancelled successfully. Note: ...
Why might I face issues placing a withdrawal request with FYERS?
Issues placing a withdrawal request on FYERS can arise due to: Insufficient fund balance. Always inspect your ledger balance and available margin before making a withdrawal request. The presence of unsettled/used funds. These are funds awaiting ...
How to Cancel Payout Request in FYERS?
Cancelling a payout or withdrawal request in FYERS is straightforward. If you've changed your mind and want to cancel the withdrawal, follow these steps: Access My Account: Log into your FYERS account and go to the 'My Account' portal. Navigate to ...
How can I transfer funds using the Fyers App?
Transferring funds to your FYERS account via the Fyers App is smooth and straightforward. We've integrated with various platforms to ensure a seamless transaction process. Open the Fyers App on your mobile device. Look for the '⬇️' symbol at the top ...