- The limit which has been set by the client when he had created a new mandate will be his limit for e -mandate transaction. He can use up to that limit for per day transactions.
- The exact amount and date when money should be debited can be set up by creating a schedule once the mandate has been approved.
- Multiple schedules can be created as long as the total debit does not exceed the maximum per day limit of ₹ 10lakhs.
For Example:
X has created mandate limit of ₹ 2,00,000. Now, he can use that whole limit i.e. He can schedule ₹ 2,00,000 on 23.10.2023.
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