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An account mandate is a document that sets out: who owns an account (often called the account holder or account owner) who can use the account (and how it can be used) who can access information about the account.
I/ We hereby authorize the Mandate Holder to issue instructions of any nature whatsoever to you, for the purpose of operating the Account/ Locker. I / We hereby bind myself/ourselves to confirm all actions of the Mandate Holder and whatever instructions the Mandate Holder may give on my / our behalf.
You can download the bank mandate form from the designated website. Fill in the requested details, sign, and send it to your AMC. The AMC will send it to your bank branch on your behalf to get an authorisation. Once the bank authorises, your SIP amount will be automatically collected.
Date: Fill in the date DD/MM/YYYY format. Checkbox: Mark the checkbox to create/ edit mandate. Account type: Select the account type from the list. Account number: Mention your account number. IFSC/ MICR Code: Mention if applicable. Amount: Write the exact amount in words and figures.
A mandate that requires ?joint?, ?both? or ?all? (or in some cases ?any two?) authorised signatories to sign or access the account together means one authorised signatory alone cannot use the account. Other authorised signatories must also authorise the transactions.