Introduction to One Time Mandate
What is One Time Mandate (OTM)?
One Time Mandate (OTM) is a one-time registration process that enables an investor to transact seamlessly on the fundsupermart.com platform.
Using the OTM facility, the investor instructs his bank to allow a debit of a certain amount with a fixed daily upper limit in his/her account whenever he/she wishes to transact on fundsupermart.com. With this instruction set in his bank account, the investor can proceed to carry out SIP and Lumpsum transactions in his fundsupermart.com account thereby eliminating the dependency on any particular mode of payment.
In simple words, once you register for OTM, you don’t need to make any online payments while transacting on our platform as your bank will directly deduct the requisite amount from your account.
To know more about One Time Mandate (OTM):