BSE STAR MF How to Approve E Mandate Authentication | +91 966 666 5220

Описание: BSE STAR EMandate Authentication Link

BSE to launch paperless e-mandate facility on MF platform

"E-Mandate is completely paperless framework that will reduce the time taken for mandate approval to three days.

The exchange has implemented e-mandates through HSBC and ICICI (as sponsor banks) along with Digio as e-sign service provider.

FAQs
What is e-NACH Mandate?
It is an authorization to your bank to allow BSE to debit your account up to a certain limit on the basis of your instructions given in the form. BSE shall forward the debit requests to the bank based on the transaction request from the investor for SIP. The debits will happen through National Automated Clearing House (NACH).

We are not involved in the monetary transactions. We will not hold any of your funds. BSE will be the entity that debits the amount from your bank.

What if my mandate amount is Rs 100,000 but I have just one SIP of Rs 5000 per month?
The mandate amount is specified just for convenience so that we don't have to update the mandates as your investments grow. Also it does not mean that BSE will debit the maximum when your actual order amount is less. You can have an e-NACH Mandate done even without a single order. No amount will be debited.

If your maximum authorised amount is Rs 1,00,000 - no single transaction payment (lumpsum or SIP) can exceed that. You could have multiple SIPs going out on the same day whose total still exceeds Rs 100,000. But individually, BSE cannot debit more than Rs 100,000 per transaction or order.

Other important points to remember while registering for e-NACH Mandate?
User is assumed to maintain and honour required balance when the SIP is due.
If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, user owns responsibility.
User shall inform us about any changes like closure of bank account registered for SIP.
The SIP will be discontinued automatically if payment is not received for three successive installments.
Can BSE debit money from my bank without my knowledge?
No. BSE can only debit the amount you specify, on the date that you specify, towards the SIP. If you have no open orders with us, BSE cannot debit any amount

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