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What does AutoPay/Mandate limit mean?

(हिंदी में पढ़े)
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 authorise AutoPay to deduct their monthly SIPs until the limit is reached. Only payments authorised by the user are deducted. No extra money is deducted.
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