What are the charges for eMandates?

At this time, Tiqs does not charge for eMandate registrations or fund transfers made using an eMandate. Nonetheless, the banks may impose a penalty that differs between banks in the event that a transaction fails due to insufficient funds.

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

Related FAQ’s