What is a bank mandate?

A bank mandate is an authorization you give to Fincare services to debit your bank account for monthly investments, as well as other payments. The mandate is sent by Fincare services to your bank for registration on your behalf. Once your mandate is registered with your bank, the bank will allow Fincare services to withdraw the amount of your investments automatically every month. You will only need to authorize us at the time of setting up your SIP. It will also enable Fincare services to collect money from your account when you make a one-time payment using your mandate.