What happens if there are insufficient funds on the scheduled debit day?
If there isn't enough balance in your bank account on the day your mandate is set to auto-debit, FYERS will not retry the transaction. Instead, the mandate will be cancelled for that day automatically. Here’s what you need to know to avoid disruptions.
What You Should Know
- If funds are insufficient, the mandate is auto-cancelled for that scheduled debit.
- You’ll need to ensure funds are available for any future scheduled debits.
- If you no longer wish to use the mandate, consider cancelling it manually.
Debits are typically scheduled between 8:00 AM and 9:00 AM on the debit date. Ensure your account is funded before this time.
What if…
| Scenario | What you can do |
|---|
| I forgot to fund my account in time | Wait for the next scheduled debit or create a one-time transfer using UPI. |
| I want to retry the same debit | Retry isn’t possible. Create a fresh transfer or wait for the next mandate cycle. |
| This happens frequently | Consider cancelling the mandate to avoid repeated failures. |
Last updated: 11 Jun 2025
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