CMP mandate debit is a standing instruction that allows banks to debit a specified amount from a bank account periodically for various payments like EMIs, investments, and others. Bajaj Finserv is a financial institution that offers e-mandate services to its customers. A mandate is a simple instruction given to a bank that allows Bajaj Finserv to debit a customers EMI or monthly investments from their account on a pre-set date. The charge of Rs. 117 mentioned in the search results is the annual charge for Bajaj Finservs EMI card. Some customers have reported unauthorized CMP mandate debits from Bajaj Finance in their bank accounts. It is important to keep the mandate updated to ensure timely EMI payment and avoid additional fees like mandate rejection charges.