Mandate fail charges in Bajaj Finserv are the fees charged when your EMI debit fails because the payment mandate could not be executed, usually due to insufficient balance, a non-registered mandate, or a bank-side rejection. Bajaj Finserv’s published charges note that a bounce can be charged at Rs. 1,200 or Rs. 1,500 per bounce depending on the product, and delayed instalments can also attract penal interest, so the exact amount depends on the loan or card terms.

What it means

A “mandate fail” happens when the auto-debit instruction for your EMI does not go through on the due date. In practice, this is similar to an EMI bounce or NACH/ECS failure charge. Bajaj Finserv says bounce charges cover dishonour of a payment instrument or non-payment due to mandate issues, and these can be separate from late-payment penal charges.

Common reasons

  • Insufficient money in the bank account on the EMI date.
  • Mandate not registered properly.
  • Mandate rejected by the bank.
  • Technical or network failure during debit processing.

How to avoid it

  • Keep enough balance in the account at least a day before the EMI date.
  • Check that your mandate is active and approved.
  • Make sure your bank account details are correct.
  • Watch for payment alerts from Bajaj Finserv or your bank.

Charges you may see

Charge type| What it covers| Source
---|---|---
Bounce charge| Failed debit or dishonour of payment mandate| 2
Penal charge| Delay in EMI payment after the due date| 29
Bank-side mandate failure fee| Extra fee some banks may levy separately| 17

Simple example

If your EMI is due on the 5th and your account has too little balance, the auto-debit may fail. Bajaj Finserv may then add a bounce charge, and if the payment stays overdue, penal interest can also apply.

What to do if charged

  • Check the loan or card statement for the exact charge description.
  • Review your loan agreement or fees page for the applicable amount.
  • Contact Bajaj Finserv support if you believe the mandate failed due to a technical issue.
  • If the bank also charged a fee, ask the bank about its NACH/ECS failure charge separately.

TL;DR

Mandate fail charges in Bajaj Finserv are penalties for failed EMI auto- debits, usually because of low balance or mandate problems. The exact fee depends on your product, and it can come with additional penal charges if payment remains pending.