When will money be deducted through a mandate?

Money will be automatically deducted through a mandate on the scheduled date only if you have missed your daily installments. Your scheduled mandate date will depend on the date the loan amount is disbursed. Lending partner will deduct the payment through the mandate. We recommend you to check your loan agreement for more details.

Important: In case you have a  pending installment the money will be included in the next daily installment and will reflect as a pending payment in your settlement amount.

Related question(s):
How do I check my daily installment amount after loan disbursal?