Mandate Amount
5paisa Research Team
Last Updated: 26 Feb, 2025 09:31 PM IST

Content
- What is Mandate Amount?
- What does AutoPay/Mandate limit mean?
- What is the maximum amount for a mandate?
- Conclusion
The mandate amount meaning is the maximum limit set for an automatic or recurring payment that the account holder authorises. The maximum amount of funds can be deducted from the account regularly without requiring further approval from the account holder. This limit is set by the account holder or the financial institution providing the payment service.
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