Frequency Options for Mandates in FYERS

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: ...

    • How to add funds to your FYERS account using the app or web?

      You can easily add funds to your trading account using the FYERS App or web platform. Here’s how: Steps to add funds: Log in to your account at https://app.fyers.in/ or open the FYERS App. Go to the Funds section and click on the Add tab. Enter the ...

    • Why am I unable to withdraw funds in FYERS?

      You might be unable to withdraw funds in FYERS due to: Insufficient fund balance. Check the ledger balance and available margin before placing a withdrawal request. Unsettled or used funds. Funds used as margin or awaiting settlement cannot be ...

    • How to withdraw funds from my trading account on FYERS?

      You can withdraw funds from your FYERS account in a few simple steps using the app or web. Steps to withdraw funds: Log in to the Funds section or open the Fyers App and navigate to 'Funds'. Click on the 'Withdraw' tab. Check your: Available balance ...