What does AutoPay/Mandate limit mean?
AutoPay allows users to automate their SIP payments by setting up a Physical Mandate or eNACH Mandate.
A mandate is a consent given by the user to Equirus Wealth, allowing automatic deduction of the SIP amount from their bank account on the SIP date.
The maximum mandate limits are:
- ₹10,00,000 for eNACH Mandates
- ₹1 Cr for Physical Mandate
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What does AutoPay/Mandate limit mean?
AutoPay allows users to automate their SIP payments by setting up a Physical Mandate or eNACH Mandate.
A mandate is a consent given by the user to Equirus Wealth, allowing automatic deduction of the SIP amount from their bank account on the SIP date.
The maximum mandate limits are:
- ₹10,00,000 for eNACH Mandates
- ₹1 Cr for Physical Mandate
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