How much time does it take to process a bank mandate?

Offline/X-Mandate

• Your signed bank mandate will be verified by the Upstox team and sent to BSE, which will then forward it to your bank. 

• You can expect to wait about 25 days for the mandate to be approved depending on the bank you choose to register with. 

• The auto-debit structure will be set up with your bank once the mandate is approved.

Online /E-Mandate

• Depending on the bank that you want to register with, it can take around T+7 days incase of online mandate and once the authentication process is completed by you, your respective bank will send the status of your mandate to BSE and it will be reflected on the Upstox Mutual Fund Platform.  

• You need to approve the E-Mandate link within five days otherwise it will expire.