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What does AutoPay/Mandate limit mean?

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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. 

Groww's mandate limit of Rs.1 Lakh allows users to authorize AutoPay to deduct their monthly SIPs until the limit is reached. Only payments authorized by the user are deducted. No extra money is deducted.
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