Mandate Form
Mandate Form PDF can be used for Electronic Clearing Service (Credit Clearing)/ RTGS facility for recieveing payments. As you know, under the SIP arrangement, a certain amount is invested in mutual fund schemes on particular due dates. The invested amount has to be periodically auto-debited from the linked savings account. To perform such an auto-debit of a fixed amount, you need to authorize your banker. Thus, it becomes mandatory to issue a bank mandate to authorize your bank for the SIP payment to be initiated.
In a bank mandate, a third party will be authorized to debit a specific sum from your bank account at regular intervals. By submitting a mandate form, you authorize your bank to conduct an auto-debit transaction. In this transaction, a certain amount is drawn from your savings account on predetermined dates. The drawn amount is then invested by way of SIPs in your chosen mutual fund schemes. Hence, bank mandates facilitate investments in the most hassle-free, paperless, and convenient manner.
Mandate Form – Details to be Mentioned
- Account Holder Details
- Complete Address
- Mobile Number and Email ID
- Bank Account Details
- Branch Name and Address
- Bank Account Number
- IFSC Code
- Type of Accounts
- And any other details
Documents Required for Mandate Form
- Mandate Application Form
- Account Information Form
- Canceled Cheque
- And any other documents
You can download the Mandate Form in PDF format using the link given below.