What is a bank mandate? Why do you need to register one?

Modified on Fri, 30 Jun, 2023 at 3:24 PM

A bank mandate is an authorisation you provide to your bank, allowing Scripbox to transfer funds to the mutual fund company as per your scheduled investment transactions. It enables the automation of your investments and is highly recommended for all SIP investments.

Please note that if you choose not to register a bank mandate, you can still invest via Net banking or UPI. You will receive a reminder email three working days before the investment date, providing you with the option to invest through Net banking or UPI.

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