Short answer

You can use the eMandate facility to automatically transfer up to ₹1 crore at pre-set schedules from your bank account to your Arrow account. You cannot use current bank accounts to create eMandates. iRage does not charge for eMandate registrations or transactions. However, if a transaction fails due to insufficient funds, your bank may charge a penalty.

Creating an eMandate

Follow these steps to create an eMandate:

Visit app.arrow.trade/funds/mandates and click on Create a new mandate.

Select the account for which the mandate is to be created.

Authenticate the bank account using a debit card or netbanking.

Follow the on-screen instructions to complete the process on the bank’s mandate approval gateway.

Once the mandate is registered, create a schedule to transfer funds to the Arrow account.

It may take up to 5 days for the bank to activate the mandate.

Creating a schedule

Follow these steps to create a schedule:

Name the schedule.

Select fund transfer date.

Select frequency and the amount to be transferred.

Click on Create schedule.