Why does the bank mandate form contain an amount of Rs. 2,00,000?
As a default number and in order to avoid multiple mandates in case of multiple SIPs, for our paper mandate, we take a broad approval of Rs. 2 Lac from our customers. Remember that the mandate is just an authorisation document. Having a bank mandate does not mean we shall be deducting the full amount from your bank account every time you make a transaction. It is just the limit of our deduction to allow us to transfer money from your bank account to the bank account of the mutual fund.
Your money never touches our bank accounts. Your money will only be deducted as per your instructions for each individual mutual fund or goal transaction.
What is a bank mandate? Why is it needed?
A bank mandate is an authorised document submitted by you, the account holder, to your bank to authorise Glide Invest to transfer money from your bank account to the bank account of the Mutual Funds based on the orders placed by you. This transfer is ...
What is a Smart Flexi SIP?
Glide Invest's Smart Flexi SIP is a feature specially built to allow and enable you to take complete control of your goals. It gives ultimate flexibility to change the SIP amount, Pause, Stop, and Restart your SIP investments at any time, and ...
How do I start investing?
Once you login to the application, follow the 5-step process to register yourself. We have simplified the process as much as we could to make it intuitive and friendly. Before you begin, make sure you have the following handy: PAN Card Bank ...
Can I make a lumpsum investment through my bank mandate?
Yes. Please note that trade will occur the next business day and you will get units at the following business day’s NAV.
What is the difference between eMandate and paper-based Mandate?
There are 2 methods of getting your mandate approved through our application: eMandate (or electronic Mandate): this mandate is setup using your Netbanking or Debit Card through your bank's website. It takes about 5-7 working days for your bank to ...