There are no charges for eMandate registrations or transaction costs for transferring funds using eMandate at Zerodha. However, your bank may charge you a penalty if your transaction fails due to insufficient funds.
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 |