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What are the charges for eMandates?

There are no charges for eMandate registrations or fund transfers using eMandate at Zerodha at present. However, in case a transaction fails due to insufficient funds, the banks may charge a penalty that varies across banks.

Banks also charge mandate verification charges. The charges per bank are as follows:

Banks Amount in Rupees + 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 following banks 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