The signed bank mandate will be verified by the Upstox team and sent to BSE, who will then send it to your respective bank for registration. Depending on the bank that you want to register with, it can take about 25 days for the mandate to be approved. Once the mandate is approved, an auto-debit structure will be set up with your bank.
Once the authentication process is completed by you, your respective bank will send the status of your mandate to BSE within 7 working days and the same is reflected on the Upstox Mutual Fund Platform. E- Mandate link needs to be approved within 5 days orelse it gets expired.