What is a Mandate?

What is a Mandate?

A mandate is an auto-debit permission that you give to your bank. Once the mandate is approved, your SIP amount gets deducted automatically every month — without making manual payments.


Example:


If your mandate limit is ₹20,000, and next month you want to invest ₹40,000 through SIP, then it won’t be possible.

Even if you try to pay ₹40,000, only ₹20,000 will go into the SIP, and the remaining ₹20,000 will be treated as a lumpsum investment.


That’s why people create a larger mandate — like ₹2 lakh or ₹5 lakh. It does not mean this amount will be deducted every month, it just saves you from creating a new mandate again and again.


Ways to Create a Mandate:


Contact the Infinn Support Team —They will create the mandate for you.


You just need to approve the link you receive (via UPI / Net Banking / Debit Card / Credit Card).


For further clarity, please review the following link -

https://drive.google.com/file/d/1avcPU4HjXq32cfiuIsdJaMW-CfCQsi9X/view?usp=drive_link



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