Type: Biller Mandate

[ACTION REQUIRED] Suspension of Biller Mandates
Changes mandated by BSE for SIP registrations This is to bring to your notice certain changes in the SIP registration process that has been mandated by ...
Fri, 17 Jul, 2020 at 6:25 PM
How to generate new biller mandate?
In this type of mandate, the client has to register a biller in his net banking site. The procedure takes 2 mins. Steps: To register a new biller man...
Mon, 13 Jan, 2020 at 1:38 PM
How to authorize biller mandate?
To authorize the biller mandate, the client has to register a Unique Reference No (URN) on his/her net banking account. The URN is generated by the system a...
Mon, 13 Jan, 2020 at 7:26 PM
Time taken for approval
This type of mandate gets approved in 2-7 working days. To track the status of the mandate, check the section “How to Track Mandate Status”
Mon, 13 Jan, 2020 at 7:26 PM
Amount limits, supported transaction types
The amount limit varies from bank to bank (usually up to 25 Lakhs). This mandate type supports only SIP Installment payments
Mon, 13 Jan, 2020 at 2:29 PM