Mandate Frequency Options for FYERS Auto Transfers

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 TypeDescription
DailyFunds are debited every trading day. Debits follow a T+1 cycle.
WeeklyA fixed debit occurs once every week.
MonthlyFunds are transferred once per month on a recurring schedule.
QuarterlyAutomatic transfers occur once every three months.
Quarterly Settlement +1Funds 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…

ScenarioWhat you can do
You want to change the frequencyCancel 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 gapT+1 is standard for daily mandates. Consider switching to a weekly or monthly option.
No debit occurred on a scheduled dayCheck 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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