1. Signatures of all the account holders are mandatory for mandate addition. | |||
2. Signature of account holders on mandate addition form must match the signature as per bank records. In case of mismatch in Signature, fill the Signature Change related details | |||
3. Mandate Addition request can be submitted only at an ICICI Bank Branch.After filling in the mandate form, send it to the person you wish to appoint as mandate holder who needs to visit the branch to submit the relevant documents and mandate form. To refer to the updated list of our branches please, Click here. | |||
4. None of the applicants can be the mandate holder. Only a resident individual can be a mandate holder. The Mandate holder option is extended to NRE savings & NRO savings accounts. | |||
5. Mandate holder need to submit a recent photograph and a copies of relevant Identity and Address proof along with the form.The photocopies of the documents should be self-attested and signed by the customers also. Mandate holder should also carry original documents for verification. | |||
6. Once the mandate is registered, a cheque book and an ATM card will be sent to the mandate holder at his / her communication address. | |||
7. Corporates cannot be registered as Mandate Holder for the NRI. | |||
8. Mandate facility is not permitted for minor accounts | |||
9. Mandate addition is done on account level. Only one mandate holder is permitted per account. | |||
Refer Table Below for Acceptable Identity and Address Proofs | |||
Proofs to be submitted in the name of Mandate holder. Please submit any one of the Identity proof and any one of the Address proof from the list below.Please submit any one if your selected proof is applcable as an identity as well as address proof. | |||
| List of Valid Proofs | Criteria of Validity | Applicable as Identity Proof | Applicable as Address Proof |
| 1) Passport copy | yes | yes | |
| 2) Bank Passbook with photograph issued by SBI and its subsidiaries or nationalized banks | yes | yes | |
| 3) Arms License issued by State/Central Governments | yes | yes | |
| 4) Freedom fighter’s pass issued by Ministry of Home affairs, Government of India with photograph of applicant | yes | yes | |
| 5) Pension payment order/book/Card issued by State/Central Government of India of any dept of State/Central Government | yes | yes | |
| 6) Printed Ration Card with Photograph of applicant | yes | yes | |
| 7) Household Card with photograph issued by Government of Andhra Pradesh | yes | yes | |
| 8) ID card with photograph issued by Government of Jammu and Kashmir | yes | NA | |
| 9) Photo Social Security Card (Smart Card) issued by Central/State Governments or Union territories | yes | NA | |
| 10) Driving Licence | Book type or laminated & embossed (With or without the signature of the applicant ) | NA | yes |
| 11) Voter Identity Card | NA | yes | |
| 12) Employee Identity Card | ID cards of Public Ltd Co or Private ltd Co or Central / State government departments / bodies/ defence / Public Sector Units / Banks. | NA | yes |
| 13) PAN Card | Issued by Income Tax authorities | NA | yes |
| 14) Defence Dependent’s card | Issued by Commanding Officer of Station Head Quarters | NA | yes |
| 15) Ex-Service Man Card | Issued by Zilla Sainik Boards | NA | yes |
| 16) Bar Council/ Indian Medical Association Card/ Senior Citizen Card | Issued by respective Councils / Associations | yes | NA |
| 17) MAPIN card | Issued by authorized agents of SEB | yes | NA |
| 18) PIO Booklet for returning NRIs verified pages with details of customer, photograph & validity to be taken. | yes | NA | |
| 19) Latest electricity bill | Bill not older than 3 months. | NA | yes |
| 20) Certificate from the post office confirming address of the applicant | Either on letterhead or under office seal and signed by Post Master/Assistant Post Master | NA | yes |
| 21) Original letter from the employer certifying the residential address of applicant. | Signature of the employee has to be attested on the letter. Letters from Public Ltd Co or Private ltd Co or Central / State government / departments / bodies / Defence Department or Public Sector Units / Banks. The letter should be either on letterhead or issued under office seal/stamp and signed by the head / officer-in-charge. | NA | yes |
| 22) Telephone bills from any telephone service provider | Bills not older than 3 months | NA | yes |
| 23) Consumer gas connection card / book / pipe gas bill | Receipt for gas supply not older than 3 months or with due entry for gas supply | NA | yes |
| 24) Certificate from the ward / equivalent rank officer, maintaining election roll, certifying the address of the applicant | Either on letterhead or under office stamp/seal and signed by the officer | NA | yes |
| 25) Lease / Leave and Licence Agreement only registered and valid lease or leave and licence agreement along with a utility bill not older than 3 months in the name of the landlord. | NA | yes | |
| 26) Certificate by Village Extension Officer (VEO) / Village Head or equal rank officers issued either on letterhead or under office seal | NA | yes | |
| 27) Statement of account with address or passbook of a scheduled commercial bank with entries in at least last 3 months | NA | yes | |
| 28) Domicile certificate with communication address and photograph | NA | yes | |
| In case Address Proofs not available in the name of Mandate Holder, Address Proofs of Blood Relative can be accepted as follows | |||
| Valid Proof | Criteria of Validity | Declaration | |
| A) Annexure / Format of declaration for blood relative to be filled by Mandate Holder | Blood Relatives includes spouse, father, mother, sister, brother and child | Print Blood Relative Declaration | |
| B) Proof of relationship of that person with Mandate Holder | Any One of the following a) Passport b) Birth Certificate c) Marriage Certificate d) Ration Card e) Matriculation Certificate f) School Leaving Certificate g) Court Affidavit h) Driving License i) Life Insurance Policy j) PAN Card | ||
| C) Any one of the above address proofs in the name of the Blood Relative | Refer Above | ||
FAQs
What is a mandate for NRI account? ›
Typically, a mandate holder can carry out day-to-day financial operations of the NRE/NRO account on behalf of the NRI. It includes making local payments through a debit card or cheque for NRIs, among other uses. Registering a mandate is a quick and simple option for NRIs when it comes to operating their bank accounts.
What is a mandate holder in a bank account? ›A bank mandate, or account signatory, is a person in your business who is authorised to manage your bank account. Most banks offer a range of options dependent on whether you are a business or commercial banking customer.
What is mandate quantity in Icici direct? ›Minimum amount for Mandate is Rs 5000 and Maximum is Rs 1cr. This amount can be edited and increased as well, however it cannot be reduced. The maximum limit of Mandate Amount depends on customer's Bank.
Can a mandate holder withdraw money? ›After the appointment, the mandate holder has the right to carry out the following day-to-day transactions: Withdrawing money. Drawing checks. Making suitable investments on behalf of the NRI.
Is it mandatory to have NRI account in India? ›It is essential for an NRI to open Non-Resident External (NRE) or Non-Resident Ordinary (NRO) Account, to do any banking transactions in India. However, depending upon the transactional requirements of the NRI/PIO, he/she can decide to open either an NRE or NRO Account, or even both.
How can I approve mandate in Icici Bank Online? ›- Log in to the iMobile application.
- Tap on Scan to pay.
- Tap on UPI mandates and then on the request received from the drop-down menu.
- Tap on Proceed and then Confirm.
- Accept the mandate request by entering the UPI PIN.
Step-to-step guide to register your e-mandate
Select your Insta EMI Card from the 'My Relations' section for which you want to register the mandate. Click on 'Register Now' and proceed with mandate registration. Enter your bank details, IFSC, and other details, and complete your e-mandate.
Yes, it is possible to set up an e-Mandate to collect recurring payments. You can fill up your credit mandate request through your bank account and associated organisation and then approve it to complete this process. After that, you will receive your funds on time.
What is an example of a mandate? ›Examples of mandate in a Sentence
The law mandates that every car have seat belts. He won the election so convincingly that he believed the people had mandated him to carry out his policies.
All transactions are safe and secure as per the norms laid down by NPCI and thereby provide sense of safety to investors. Investors are required to go through the process of bank mandate only once.
What is the mandate charge? ›
ECS mandate charges might be levied on participating banks. Banks from where the amount is getting debited need to pay a charge of 25 paise to the clearing house and 50 paise to the destination bank per transaction. Bank branches usually do not apply ECS mandate charges for debiting funds from the customer's accounts.
What is the maximum amount per transaction for mandate? ›₹1 crore is the maximum limit per day for mandates through eNACH. To transfer more than ₹1 crore in a single day, the transfer should be done manually. See What are the different ways of transferring funds to the Zerodha account?
What is the mandate limit? ›Mandate limit is the maximum amount an investor can invest through the mandate. Once this limit is reached, the mandate has to be renewed if the investor wants to continue investing through it.
Why is bank mandate required? ›A bank mandate is required for monthly payments for investments through Systematic Investment Plans (SIPs). The mandate you provide us allows us to debit your bank account on your behalf towards SIP installments.
What are the rules for NRI account in India? ›As per FEMA (Foreign Exchange Management Act) guidelines, NRIs can not hold a savings account in India, and they must transfer all the money they earn abroad to an NRE (Non-resident external) account or NRO (Non-resident ordinary) account. If an NRI continues using a savings account in India, they might be penalised.
What are the new rules for NRI account in India? ›- Income tax slabs for NRIs are based only on income. ...
- All incomes of NRIs are charged irrespective of any threshold value for TDS.
- Nominal deductions are not applicable on investment income, except under specific situations.
Once your residential status changes to an NRI, it is mandatory to either close your resident savings/current bank account or convert it to an NRO account. Your fixed and recurring deposits must also be converted to NRO deposits. Remember, if you fail to do this you can end up paying a penalty.
What happens if I don't convert my account to NRI account? ›In case you are found to be holding a resident savings account after becoming an NRI, you may have to pay a fine of up to three times the amount in your savings account or ₹2 lakhs (if the amount is not quantifiable).