What are the frequency options available for setting up a mandate in FYERS?
FYERS allows you to automate fund transfers with flexible mandate frequencies to match your trading needs. You can choose how often funds are debited from your bank and credited to your trading account.
Available Mandate Frequencies
| Frequency Type | Description |
|---|
| Daily | Funds are debited every trading day, with a T+1 cycle between debits. |
| Weekly | A fixed weekly debit from your bank account. |
| Monthly | Funds are added once a month on a recurring schedule. |
| Quarterly | Automatic transfers once every three months. |
| Quarterly Settlement +1 | Funds are credited the day after the quarterly settlement date (as per SEBI guidelines). |
The first debit occurs on the same day the mandate is created and authorized. All recurring debits—regardless of frequency—take place between 8:00 AM and 9:00 AM.
Example for Daily Frequency
- If you authorize a mandate on 2nd September 2024, the first debit will happen the same day.
- The second debit will occur on 4th September 2024, following the T+1 cycle.
- Daily debits continue at the same time each trading day.
What if…
| Scenario | What you can do |
|---|
| I want to change the frequency | Cancel the current mandate and create a new one with the updated frequency. |
| I chose Daily but don’t want T+1 gaps | T+1 is standard for daily mandates; consider switching to a higher interval. |
| No debit occurred on a scheduled day | Check for insufficient funds or mandate expiration in your UPI app. |
Last updated: 11 Jun 2025
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