After the client completes the mandate process, it takes some time for the mandate to be approved by the bank and BSE. During this process, you can track the status using the following steps.
To track the status of the mandate, select the client and click on Mandates
On the mandates section, click on the Recheck button to check the status of the mandate
BSE Status | Description | Mandate type |
REGISTERED BY MEMBER | The mandate has been generated | All types |
RECEIVED BY EXCHANGE ASSIGN TO BILLDESK | The mandate has been received by the Bombay Stock Exchange and has been forwarded to the bank | Paper mandate only |
UNDER PROCESS | The mandate is being processed by the bank | Paper mandate only |
APPROVED | The mandate has been approved and is ready for auto-debit | All types |
REJECTED | Client needs to repeat the process after resolving the indicated issue | All types |