E-Mandates and fund transfers using eMandate at Upstox are free. Banks may, however, charge a penalty if a transaction fails due to insufficient funds.


The banks also charge a fee for verifying mandates. Charges per bank are as follows:

Banks

Amount in ₹ + 18% GST

ABHYUDAYA CO-OP.BANK LTD

50

ALLAHABAD BANK

50

ANDHRA BANK

100

AXIS BANK LTD

115

BANK OF BARODA

115

BANK OF INDIA

201.25

BANK OF MAHARASHTRA

115

CANARA BANK

150

CENTRAL BANK OF INDIA

100

CORPORATION BANK

100

COSMOS CO-OP BANK LTD

100

DENA BANK

50

FEDERAL BANK LTD

100

IDBI BANK LTD

50

INDIAN OVERSEAS BANK

100

JAMMU & KASHMIR BANK LTD

100

JANATA SAHAKARI BANK LTD

50

KARNATAKA BANK LTD

100

KARUR VYSYA BANK LTD

100

KOTAK MAHINDRA BANK LTD

50

LAKSHMI VILAS BANK LTD

100

ORIENTAL BANK OF COMMERCE

100

PARSIK JANATA SAHAKARI BANK LTD

200

PUNJAB NATIONAL BANK

100

SARASWAT CO-OP BANK LTD

50

SOUTH INDIAN BANK LTD

100

STATE BANK OF INDIA

50

SYNDICATE BANK

236

THANE JANATA SAHAKARI BANK LTD

100

THE THANE DIST.CEN.CO-OP BANK LTD.

100

UCO BANK

200

UNION BANK OF INDIA

115

UNITED BANK OF INDIA

100

VIJAYA BANK

130


Mandate verification fees are not charged by the following banks:

Banks

AHMEDABAD DIST.CO-OP.BANK LTD

AU SMALL FINANCE BANK LTD

BANDHAN BANK LTD

BASSEIN CATHOLIC CO-OP.BANK LTD

CITI BANK

CITY UNION BANK LTD

DEVELOPMENT CREDIT BANK LTD

DOMBIVLI NAGARI SAHAKARI BANK LTD

HDFC BANK LTD

ICICI BANK LTD

IDFC BANK LIMITED

INDUSIND BANK LTD

PUNJAB & SIND BANK

PUNJAB AND MAHARASHTRA CO-OP BANK LTD

RATNAKAR BANK LTD

SHAMRAO VITTHAL CO OP BANK LTD

TAMILNADU MERCANTILE BANK LTD

YES BANK LTD


Note: The charges are subject to banking norms and may change. Get in touch with your bank's customer service department for more information.