How to create E NACH or E-mandates through Mobile app ?

How to create E NACH or E-mandates through Mobile app ?

Once the client creates the transaction account with BSE Star MF or NSE NMF, the next step is to create a One time Mandate (OTM) so that client can register an SIP or invest lumpsum through this mandate.

Let's see how to create a mandate:

To Create an OTM (e-mandate), you need to add a fund for SIP transaction to the cart.

 Part 1 : Choose the SIP Fund  










 Part 2 : Create & Register mandate  
You are halfway through yout first SIP registration. To complete the SIP, lets create an OTM first. This is a one time process and
once created you can use this OTM to start an SIP or make additional purchases through this OTM.

What is OTM in Mutual Funds?

The full form of OTM is One Time Mandate. It refers to the process of automating your investments

through a one-time registration process. Using it you instruct your bank to debit a fixed amount
from your savings account at regular intervals. As instructed by you, the bank credits this
amount to your SIP portfolio.




 

  Part 3 : Pay first purchase immediately  
Mandates may take upto 7 days to be accepted and registered with your client's bank as the bank has to do the verification to activate the debit instruction.
So the auto debit will start after 30 days only from next month on the chosen date. But why wait when you can always start now as you can pay for the first SIP purchase immediately through the net banking.  


In case of any doubt, please contact your RM or call at 90-1521-1521.





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