e-Mandate Services: Who Qualifies and What You Get
Learn how to use e-Mandate Services to automate your recurring bill payments and subscriptions using your net banking.
e-Mandate Services allow you to set up automated, recurring payments for your various bills and subscriptions. This digital service ensures your regular payments are processed automatically without you having to do it manually every time.
Who it's for
This service is available to anyone who has access to net banking.
What you get
You get the convenience of automated recurring payments. This means your bills and subscriptions are paid on a set schedule automatically, helping you avoid late payments or forgotten due dates.
What it costs you
This service is free to use.
The catch to know
Before you set everything up, you should check with your bank regarding their specific limits for auto-debit transactions. Some banks may have a maximum amount they will allow to be deducted automatically in a single transaction or per month.
How to apply
- Log in to your net banking portal.
- Look for the section related to mandates or automated payments.
- Select the service provider or biller you wish to pay.
- Follow the prompts to authorize the recurring payment.