You can check your active AutoPay mandates by going to Profile > My Account > Bank Details > AutoPay.

Yes, you can set up multiple AutoPay mandates as per your requirement.

The limit isn’t set by Millions, it depends on your bank. Some banks allow up to ₹1,00,000 per transaction.Others may cap it at ₹15,000. Don’t worry, when you set up AutoPay, we’ll clearly show you your bank’s maximum limit. If you want to add more funds than your bank allows in one go, you can always create multiple AutoPay mandates to cover the higher amount.

When you set up AutoPay, you also decide how often the money should be added to your Millions account either weekly or monthly. On the chosen day or date, the amount is automatically debited from your bank.

Examples:

1.If you set ₹1,000 every Thursday, then ₹1,000 will be debited every Thursday morning.

2.If you set ₹1,000 on the 21st of every month, then ₹1,000 will be debited on the 21st.

The debit happens at 8:00 AM on your scheduled date, and the funds are usually credited to your Millions account the same day. This way, your investments stay regular and hassle-free, no need to remember dates or place payments manually.

Yes, AutoPay can fail in rare cases. This usually happens due to reasons like:

1.Bank downtime or technical issues

2.Not having enough balance in your linked bank account

If this happens, your funds won’t get credited automatically. In such cases, please reach out to us at help@millionshq.com and we’ll assist you. Meanwhile, you can add money manually to keep your SIPs running smoothly.

No, currently you cannot edit an existing AutoPay mandate. But you can easily delete it and create a new one as per your requirement. To delete a mandate:

1.Go to Profile > My Account > Bank Details > AutoPay.

2.Select the mandate you want to delete.

3.Tap on ‘Delete’.

4.Enter the OTP sent to your registered mobile number to confirm.

5.Once deleted, you can set up a fresh mandate with your updated preferences.