- The limit that has been set by the client when he created a new mandate will be his limit for an e-mandate transaction. He can use up to that limit for per day transactions.
- The exact amount and date when money should be debited can be set up by creating a schedule once the mandate has been approved.
- Multiple schedules can be created as long as the total debit does not exceed the maximum per day limit of ₹ 10 lakhs.
For Example:
X has created a mandate limit of ₹ 2,00,000. Now, he can use that whole limit and schedule ₹ 2,00,000 per day.
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