What is the difference between Coin and Console mandates?
Coin mandates are used to automatically transfer funds from a bank account to BSE StAR MF ICCL account to fulfill SIP orders. Console mandates, on the other hand, are used to automatically transfer funds from a bank account to a Zerodha account for investments in stocks, ETF SIPs, etc. Mandates created on Console cannot be used for Coin SIPs, and vice versa. Mandates can be used to transfer funds up to ₹1 lakh.
To learn more about Coin mandates, see What is a Mandate and how to create them for SIPs on Coin app? To learn more about Console mandates, see How do I set up automatic fund transfers from my bank account to my Zerodha trading account?
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