What is the difference between Coin and Console mandates?

Coin mandates and Console mandates serve different purposes for automatic fund transfers:

• Coin mandates automatically transfer funds from your bank account to BSE StAR MF ICCL account to fulfil SIP orders.
• Console mandates automatically transfer funds from your bank account to your Zerodha account for investments in stocks, ETF SIPs, etc.

Key differences

• You cannot use mandates created on Console for Coin SIPs, and vice versa
• Both mandates can transfer funds up to ₹1 crore