Published Jun 29, 2026 4 Min Read

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Introduction

An e mandate for SIP allows your bank to automatically debit your chosen SIP amount on the scheduled date after you provide a one-time electronic authorisation. Once the e-mandate is active, your future SIP instalments are processed automatically, subject to sufficient account balance.

  • An e-mandate is a one-time authorisation for recurring SIP payments. 
  • You need a valid bank account, completed KYC and a registered mobile number to complete the process. 
  • SIP investments start from Rs. 100 per month on the Bajaj Broking website for eligible schemes. 
  • You can choose from 4,000+ mutual fund schemes across equity, debt, hybrid, ELSS and thematic categories. 
  • You can invest through both SIP and lumpsum for most mutual fund schemes. 
  • Always review the SEBI-mandated riskometer before investing in any mutual fund. 

Start your mutual fund investment journey on the Bajaj Broking website by completing your KYC, exploring 4,000+ mutual fund schemes, and starting a SIP from Rs. 100 per month.

What is an e-mandate for SIP?

An e-mandate for SIP is a digital authorisation that allows your bank to automatically debit a fixed amount from your account for your Systematic Investment Plan (SIP).

A SIP is an investment method that lets you invest a fixed amount regularly into a chosen mutual fund scheme. Once the e-mandate is registered and activated, future SIP instalments are deducted automatically on the scheduled date.

The e-mandate removes the need to manually approve every SIP payment, making regular investing more convenient.

Why choose an e-mandate for your SIP investments?

An e-mandate simplifies recurring SIP payments by giving your bank permission to process instalments automatically after your one-time approval.

BenefitWhy it matters
Automatic paymentsSIP instalments are debited automatically on the scheduled date.
One-time registrationYou authorise recurring payments only once.
Fewer missed SIPsAutomatic debits reduce the chance of forgetting payment dates.
Paperless processRegistration is completed digitally through supported banking channels.
Flexible investingYou can invest through SIP or lumpsum depending on the scheme.
Easy accessibilitySIP investments start from Rs. 100 per month on the Bajaj Broking website for eligible schemes.

Before investing, remember that mutual fund returns are market-linked. Always review the SEBI-mandated riskometer before selecting a mutual fund scheme.

How do you start a SIP using an e-mandate?

The process is completed online after your KYC is verified. Once your e-mandate is approved by your bank, future SIP instalments are automatically debited according to your selected schedule.

  1. Register on the Bajaj Broking website using your mobile number and basic details. 
  2. Complete your mandatory KYC by submitting your PAN and the required identity and address documents. 
  3. Select your preferred mutual fund scheme and choose SIP as your investment mode. 
  4. Enter your SIP amount, investment frequency and preferred debit date. 
  5. Choose e-mandate as your payment method and provide your bank account details. 
  6. Authenticate the e-mandate using the bank's online verification process, such as net banking or OTP, where applicable. 
  7. Wait for your bank to approve the e-mandate before the first SIP is processed. 
  8. Track your investments using the Dashboard, Portfolio, Orders and MF Profile available on the Bajaj Broking website.

How long does it take for the first SIP through an e-mandate?

The time taken for your first SIP depends on when your e-mandate is approved by your bank and when your selected SIP date falls. Your first SIP can only be processed after the e-mandate becomes active.

The exact activation timeline may vary depending on your bank, the payment system and the verification process.

StageWhat happens
E-mandate registrationYou submit the e-mandate request while setting up your SIP.
Bank verificationYour bank verifies and authorises the recurring debit instruction.
E-mandate activationThe recurring payment instruction becomes active after successful verification.
First SIP debitYour SIP amount is debited on the next eligible SIP date after the e-mandate is activated.

Before registering an e-mandate, ensure your bank account has sufficient balance and your KYC is complete. On the Bajaj Broking website, you can start a SIP from Rs. 100 per month for eligible mutual fund schemes.

Common issues with SIP e-mandates

Most e-mandates are activated successfully, but you may occasionally face issues during registration or while processing SIP payments.

IssuePossible reasonHow to resolve it
E-mandate registration failedIncorrect bank details or authentication failureVerify your bank details and complete the authentication again.
SIP payment failedInsufficient account balance on the SIP debit dateMaintain sufficient funds before the scheduled debit.
E-mandate pendingBank verification is still in progressWait for the bank to complete verification or contact your bank.
Authentication failedIncorrect OTP or incomplete authorisationRepeat the authentication process using the correct details.
SIP not startedE-mandate was not activated before the SIP dateWait for activation and the next eligible SIP date.

If the issue continues, contact your bank or the mutual fund service provider to check the status of your e-mandate.

Can you modify or cancel your SIP e-mandate?

Yes. You can generally modify or cancel your SIP e-mandate, subject to your bank's process and the applicable AMC requirements.

If you modify the mandate, the updated limits or account details will apply after successful verification. If you cancel the mandate, future automatic SIP debits linked to that mandate will stop until you register a new payment instruction.

Before making changes, check whether any pending SIP instalments are already scheduled for processing.


E-mandate vs UPI AutoPay for SIP

Both e-mandate and UPI AutoPay allow automatic SIP payments, but they work differently.

FeatureE-mandateUPI AutoPay
Payment sourceBank accountUPI-linked bank account
RegistrationOne-time bank authorisationOne-time UPI authorisation
Payment approvalAutomatic after activationAutomatic after UPI AutoPay approval
Suitable forRegular long-term SIPsInvestors who prefer UPI-based payments
ModificationSubject to bank and AMC processSubject to UPI app and bank process

Choose the payment method that best matches your banking preferences and the options supported by your bank and mutual fund platform.


Conclusion

An e-mandate for SIP makes regular investing easier by allowing your bank to automatically debit your SIP instalments after a one-time digital authorisation. Once activated, you do not need to approve each SIP payment manually, helping you invest consistently.

Before registering an e-mandate, complete your mandatory KYC, verify your bank details and ensure sufficient account balance on your SIP date. On the Bajaj Broking website, you can choose from 4,000+ mutual fund schemes across equity, debt, hybrid, ELSS and thematic categories. You can invest through SIP from Rs. 100 per month or make a lumpsum investment for eligible schemes.

Frequently asked questions

What is the maximum amount for an e-mandate in SIP?

The maximum amount allowed under an e-mandate for SIP depends on your bank, the payment system and the limit you authorise during registration. Some banks allow you to set your own debit limit, while others apply predefined limits. Before registering an e-mandate, check the applicable limit with your bank. On the Bajaj Broking website, you can start a SIP from Rs. 100 per month for eligible mutual fund schemes.


How long does it take to activate an e-mandate for SIP?

The time required to activate an e-mandate depends on your bank's verification process. Once your bank approves the e-mandate, your first SIP is processed on the next eligible SIP date. The Bajaj Broking website allows you to register an e-mandate online while setting up your SIP, subject to successful bank verification and mandatory KYC completion.


Can I stop or modify my SIP e-mandate anytime?

Yes. You can generally modify or cancel your SIP e-mandate according to your bank's process and the applicable AMC requirements. Changes become effective after successful verification. If you cancel the e-mandate, future SIP instalments linked to that mandate will stop until you register a new payment instruction.


What happens if my e-mandate fails during a SIP payment?

If your e-mandate fails on the SIP debit date, the SIP instalment may not be processed. Common reasons include insufficient account balance, incorrect bank details or a failed bank authorisation. Ensure adequate funds are available before the SIP date and verify your bank details if the issue continues. You can also contact your bank or the AMC for assistance.


Is an e-mandate safe for sharing bank account details for SIP?

Yes. An e-mandate is processed through authorised banking systems that use secure authentication methods, such as OTP or net banking verification, depending on your bank. You should register your e-mandate only through authorised platforms and never share confidential banking credentials with unauthorised persons. The Bajaj Broking website supports secure SIP registration after completing the mandatory KYC process.

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