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.

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