what is direct debate mandate form?

Question

Please let me know. .I heard after loan sanction, this papers are necessary.

Answer 1

Direct DEBIT mandate form. The firm you are buying from -- typically a utility, mortgagee bank, credit card issuer, mobile phone company, etc. will deduct the amount of your bill (or minimum monthly payment, as you choose) from your current account at your bank.

There's a DIRECT DEBIT GUARANTEE which banks often lie about and deny. But if there's a mistake, or you're defrauded, or even if there's a misunderstanding, the bank MUST pay you back.

Answer 2

Do you mean rebate instead of debate?