Comment on Introducing e-Mandates – Now fund your SIPs automatically

Kushal commented on 03 Mar 2020, 08:22 PM

My eMandate registration is successful also after that I have created schedule for 4th of every month however as per rule (T-1) date it should deduct amount from my bank account on 3rd which is not happened. Is there any rule that for first time bank should accept payment request even though already mandate is added and is successful. Please suggest, will it deduct at midnight if it is not deducted till 08:30PM on same day ?

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