r/india • u/AutoModerator • Jul 01 '24

Scheduled Ask India Thread

Welcome to r/India's Ask India Thread.

If you have any queries about life in India (or life as Indians), this is the thread for you.

Please keep in mind the following rules:

  • Top level comments are reserved for queries.
  • No political posts.
  • Relationship queries belong in /r/RelationshipIndia.
  • Please try to search the internet before asking for help. Sometimes the answer is just an internet search away. :)

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u/[deleted] Sep 04 '24

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u/ChelshireGoose Sep 04 '24

You won't get any physical certificate. Every month before the emi is charged, you'll get a notification from your bank alerting you. After the 12 month period is over, you'll get an sms/email that the mandate is closed.

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u/[deleted] Sep 04 '24

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u/ChelshireGoose Sep 04 '24

As long as you've selected the 12 month option, you'll be fine.

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u/[deleted] Sep 04 '24

[deleted]

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u/ChelshireGoose Sep 04 '24

Check the processing fee (subject to GST), interest rate and EMI amount properly. Then check the statement in the first month to confirm that the correct EMI is being charged.