What are the charges for eMandates?
There are no charges for eMandate registrations or transaction costs for transferring funds using eMandate at Zerodha. However, in case a transaction fails due to insufficient funds, the banks may charge a penalty.
Check with the bank for the latest charges.
The table below shows the bank penalty charges for eMandate failure due to insufficient funds:
| Bank | eMandate failure charge |
| HDFC Bank | ₹450 for the 1st instance, ₹500 for the 2nd, and ₹550 for subsequent instances within a month. Senior citizens receive a ₹50 discount per instance. |
| ICICI Bank | ₹500 per instance. |
| State Bank of India | ₹250 per instance. |
| Axis Bank | ₹500 per instance. |
| Kotak Mahindra Bank | ₹500 per instance. |
| Punjab National Bank | ₹250 per instance. |
| Yes Bank | ₹25 per instance. |
Banks also charge mandate verification charges. The table below shows the charges per bank:
| Banks | Amount + 18% GST |
| ABHYUDAYA CO-OP.BANK LTD | ₹50 |
| ALLAHABAD BANK | ₹50 |
| ANDHRA BANK | ₹100 |
| AXIS BANK LTD | ₹115 |
| BANK OF BARODA | ₹115 |
| BANK OF INDIA | ₹201.25 |
| BANK OF MAHARASHTRA | ₹115 |
| CANARA BANK | ₹150 |
| CENTRAL BANK OF INDIA | ₹100 |
| CORPORATION BANK | ₹100 |
| COSMOS CO-OP BANK LTD | ₹100 |
| DENA BANK | ₹50 |
| FEDERAL BANK LTD | ₹100 |
| IDBI BANK LTD | ₹50 |
| INDIAN OVERSEAS BANK | ₹100 |
| JAMMU & KASHMIR BANK LTD | ₹100 |
| JANATA SAHAKARI BANK LTD | ₹50 |
| KARNATAKA BANK LTD | ₹100 |
| KARUR VYSYA BANK LTD | ₹100 |
| KOTAK MAHINDRA BANK LTD | ₹50 |
| LAKSHMI VILAS BANK LTD | ₹100 |
| ORIENTAL BANK OF COMMERCE | ₹100 |
| PARSIK JANATA SAHAKARI BANK LTD | ₹200 |
| PUNJAB NATIONAL BANK | ₹100 |
| SARASWAT CO-OP BANK LTD | ₹50 |
| SOUTH INDIAN BANK LTD | ₹100 |
| STATE BANK OF INDIA | ₹50 |
| SYNDICATE BANK | ₹236 |
| THANE JANATA SAHAKARI BANK LTD | ₹100 |
| THE THANE DIST.CEN.CO-OP BANK LTD. | ₹100 |
| UCO BANK | ₹200 |
| UNION BANK OF INDIA | ₹115 |
| UNITED BANK OF INDIA | ₹100 |
| VIJAYA BANK | ₹130 |
The table below shows the banks that do not charge mandate verification charges:
| Banks |
| AHMEDABAD DIST.CO-OP.BANK LTD |
| AU SMALL FINANCE BANK LTD |
| BANDHAN BANK LTD |
| BASSEIN CATHOLIC CO-OP.BANK LTD |
| CITI BANK |
| CITY UNION BANK LTD |
| DEVELOPMENT CREDIT BANK LTD |
| DOMBIVLI NAGARI SAHAKARI BANK LTD |
| HDFC BANK LTD |
| ICICI BANK LTD |
| IDFC BANK LIMITED |
| INDUSIND BANK LTD |
| PUNJAB & SIND BANK |
|
PUNJAB AND MAHARASHTRA CO-OP BANK LTD
|
| RATNAKAR BANK LTD |
| SHAMRAO VITTHAL CO OP BANK LTD |
| TAMILNADU MERCANTILE BANK LTD |
| YES BANK LTD |
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