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  • emandate RealTimeEMandateFacilityReal-time e-mandate facility
  • emandate ImprovesCIBILScoreImproves your CIBIL score
  • emandate SecureplatformSecure platform
  • Benefits
  • How to Register?
  • Error & Resolution

NACH E-Mandate : How to Register?

NACH E-Mandate registration process is a very simple 4 steps procedure. E-Mandate steps are as under :

Step 1: Starting E-Mandate Journey

To start, click on the NACH e-mandate link on our website.

Step 2: Validation of Loan Information

The link takes you to login of e-mandate page. Enter your 14-digit loan account number and the last 4 digits of your registered mobile number. After submitting, you receive an OTP on your registered mobile number. Enter the 6-digit OTP received and click on submit.

Step 3: Completion of E-Mandate form

After clicking submit, you move to the next step to complete your e-mandate form. The main page has a form, which is auto filled with your personal, loan and EMI details for your ease. The details we need from you are given below:

  • Type of debit account
  • Debit account number
  • Name of the bank
  • Type of authentication mode (Internet Banking/Debit Card)

Tick the Terms and Conditions box and then click on submit.

Step 4: Completion of Transaction

In the last step, you will be taken to the Bill Desk page. Here, you must check the accuracy of the data provided and your consent to complete the e-mandate form.

After verifying, click proceed to complete the authentication process. You will be redirected to your bank's website where you need to complete the transaction via Internet Banking or Debit Card.

Once the authentication process is complete you will get the NACH e-mandate receipt and confirmation on your registered email address. Please keep a print of the receipt for your future reference.

NACH E-Mandate : Error & Resolution

Sl. No. Error Description Reason for Error Action Point

1

Previous Request in Progress

This error occures when "User have already initiated the first request and now trying sheet second request for same account. Since the 1st request is under process and pending from NPCI".

Branch should request the customer to wait for minimum 3 hours in case of failure of first request for initiation of second request same account.

2

Authentication Failed

This error occures when "Customer enter the wrong details while authentication process of his account through debit card or net banking". 

Request the customer to cross verify the internet banking details debit card details along with transaction password and OTP details

3

Sorry...Some system error has occured, please contact system administrator

This error occures due to Technical glitch while processing the NACH request at Bill desk and NPCI".

Customer can re-initiate the request after 5 hours.

4

No such account

This error occures when "Customer input the wrong debit account details in the NACH Form at Bank's web page.

Once the journey is initiated the account details will be verified by the Destination Bank and if the account details does not match with the account maintained with bank, it shows this error.

5

Debit card Blocked

This error occures when "Customer Debit card/Debit account is not active".

Customer to cross check the debit card/account details with destination Bank.

6

Technical errors or connectivity issues at bank end

This error occures due to Technical glitch while processing the NACH request at Bill desk and NPCI".

Customer can re-initiate the request after 5 hours.

7

Debit card validation failed due to invalid PIN

This error occures when "Customer initiate the NACH E-Mandate request but input the wrong debit card PIN while authentication of the transaction".

Customer to initiate the journey again after 5 hours of initial request and ensure to input with correct credentials/PIN.

8

Amount of EMI more than limit allowed for the acct

This error occures when "EMI amount requested for monthly debit is higher than the debit limit of the customer account at Destination Bank".

Customer to contact Destination Bank for the same.

9

Maximum tries exceed for OTP

This error occures when "Customer input wrong OTP and the number of OTP tries exceed the number fixed by the Destination Bank".

Customer to visit the destination Bank and check the maximum number of tries fixed by the Bank and initiate the NACH E-Mandate request again after 5 hours and ensure input correct OTP within specified limit"

10

Invalid user credentials

This error occures when "Customer initiate NACH E-Mandate request but input wrong credentials in account authentication process through Net banking or Debit card mode".

Customer to visit the Destination Bank and cross verify the User credentials of Net banking /Debit card from his destination bank. Customer can initiate the NACH E-Mandate request after 5 hours and input only correct credentials in Net Banking or Debit Card mode.

11

Mandate Registration Failed

This error occures when "Customer initiate NACH E-Mandate request but the customer request is not verified/failed by the destination Bank due to Restriction in Customer's Bank Account. KYC issue, Internet Banking Issue or any other technical issue.

Customer to contact the Destination Bank and cross check the reason for failure of Mandate registration. Once the destination Bank resolves the issue the customer can initiate the request after 5 hours of initial request.

12

Invalid Account Holder Name

This error occures when "Customer initiate the NACH E-Mandate request but the loan borrower name (who is applying for NACH E-Mandate) and debit account holder name is not matching during authentication of the transaction through Net Banking/Debit card mode".

Customer to initiate the journey again after 5 hours of initial request and ensure to input correct account number in which main applicant is the primary holder in the debit account.

13

Debit card Expired

This error occures when "Customer initiate NACH E-Mandate request and Customer Debit card is not active/expired".

Customer to visit the Destination Bank and cross check the debit card with destination Bank and get the debit card activated. After activation of Debit card customer can initiate the journey again after 5 hours.

14

No response received from customer while performing transaction

This error occures when "Customer initiate NACH E-Mandate request but he does not complete  or delay the account authentication process through Net banking or Debit card mode within the stipulated time defined by the destination Bank for Net banking and Debit Card verfication process".

Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey in stipulated time.

15

Transaction rejected or cancelled by the customer

This error occures when "Customer initiate NACH E-Mandate request but he cancel/reject the account authentication process through Net banking or Debit card mode instead of verifying the authentication process".

 Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey through sucessfull authentication.

16

Rejected as per customer confirmation

This error occures when "Customer initiate NACH E-Mandate request but he cancel/reject the account authentication process through Net banking or Debit card mode instead of verifying the authentication process".

Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey through sucessfull authentication.

17

User rejected the transaction on pre-Login page

This error occures when "Customer initiate NACH E-Mandate request but he cancel/reject the journey in between without completing the NACH E-Mandate journey".

Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey through sucessfull authentication.

18

Account number registered for only view rights in net-banking facility

This error occures when "Customer initiate NACH E-Mandate request choosing Net Banking as Authentication mode but Customer account is only provided with view rights in Net Banking facility".

Customer to visit the Destination Bank and request for transaction rights in his Net banking Facility with destination Bank. After activation of Transaction rights in Net Banking facility or with debit card details, customer can initiate the NACH E-Mandate request after 5 hours of initial request

19

Refer to the branch.KYC not completed

This error occures when "Customer initiate NACH E-mandate request but Customer account is not KYC complied and Destination Bank reject the authentication of Net Banking/Debit card to Due KYC non Compliance ".

Customer to visit the Destination Bank and update the KYC in his account with destination Bank. When account is activated, customer can initiate the NACH E-Mandate request after 5 hours of initial request

20

Account not in regular Status

This error occures when "Customer initiate subsequent request after error in 1st request and Customer account is inoperative/dormant".

Customer to visit the Destination Bank and cross check the account details with destination Bank and get the account activated. When account is activated, customer can initiate the NACH E-Mandate request anytime atleast after 5 hours of initial request

21

Mandate Not Registered_ not maintaining req balanc

This error occures when "Customer initiate NACH E-Mandate request  but Customer has not maintained proper balance in his account".

Customer to visit the Destination Bank and check the balance in his account maintained with destination Bank. In case of low balance Customer to credit sufficied funds in his account and initiate the NACH E-Mandate request after 5 hours of initial request

22

No response received from customer while performin

This error occures when "Customer initiate NACH E-Mandate request but he does not complete  or delay the account authentication process through Net banking or Debit card mode within the stipulated time defined by the destination Bank for Net banking and Debit Card verfication process".

 Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey in stipulated time.

23

Not having IB Account

This error occures when "Customer initiate NACH E-Mandate request choosing Net Banking as Authentication mode but the Customer account is not registered/provided with Net Banking facility".

Customer to visit the Destination Bank and cross check the availability of Net banking Facility in his account with destination Bank. After activation of Net Banking facility or with debit card details, customer can initiate the NACH E-Mandate request after 5 hours of initial request

24

Debit card not activated

This error occures when "Customer initiate NACH E-Mandate request and Customer Debit card is not active/expired".

Customer to visit the Destination Bank and cross check the debit card with destination Bank and get the debit card activated. After activation of Debit card customer can initiate the journey again after 5 hours.

25

Account Inoperative or dormant

This error occures when "Customer initiate NACH E-Mandate request and Customer account is inoperative/dormant".

Customer to visit the Destination Bank and cross check the account details with destination Bank and get the account activated. When account is activated, customer can initiate the NACH E-Mandate request anytime atleast after 5 hours of initial request

26

Mandate registration Failed.Please contact your home branch

This error occures when "Customer initiate NACH E-Mandate request but the customer request is not verified/failed by the destination Bank due to Restriction in Customer's Bank Account. KYC issue, Internet Banking Issue or any other technical issue".

 Customer to contact the Destination Bank and cross check the reason for failure of Mandate registration. Once the destination Bank resolves the issue the customer can initiate the request after 5 hours of initial request.

27

user rejected the transaction on pre-login page

This error occures when "Customer initiate NACH E-Mandate request but he cancel/reject the journey in between without completing the NACH E-Mandate journey".

Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey through sucessfull authentication.

28

Account number not registered with net-banking facility

This error occures when "Customer initiate NACH E-Mandate request choosing Net Banking as Authentication mode but the Customer account is not registered/provided with Net Banking facility".

Customer to visit the Destination Bank and cross check the availability of Net banking Facility in his account with destination Bank. After activation of Net Banking facility or with debit card details, customer can initiate the NACH E-Mandate request after 5 hours of initial request

29

No response received from customer while performing mandate registration

This error occures when "Customer initiate NACH E-Mandate request but he does not complete  or delay the account authentication process through Net banking or Debit card mode within the stipulated time defined by the destination Bank for Net banking and Debit Card verfication process".

Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey in stipulated time.

30

User rejected the transaction on pre-login page

This error occures when "Customer initiate NACH E-Mandate request but he cancel/reject the journey in between without completing the NACH E-Mandate journey".

Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey through sucessfull authentication.

31

OTP invalid

This error occures when "Customer initiate NACH E-Mandate request and Customer entered wrong OTP in account authentication process through Net banking or Debit card mode".

Customer to  initiate the NACH E-Mandate request again after 5 hours and ensure input correct OTP"

32

Debit card validation failed due to_Invalid card number

This error occures when "Customer initiate the NACH E-Mandate request but input the wrong debit card number while authentication of the transaction and try to proceed further".

Customer to initiate the journey again after 5 hours of initial request and ensure to input with correct credentials/Card Number.

33

Mandate registration failed. Please contact your home branch

This error occures when "Customer initiate NACH E-Mandate request but the customer request is not verified/failed by the destination Bank due to Restriction in Customer's Bank Account. KYC issue, Internet Banking Issue or any other technical issue.

Customer to contact the Destination Bank and cross check the reason for failure of Mandate registration. Once the destination Bank resolves the issue the customer can initiate the request after 5 hours of initial request.

34

Mandate Registration Failed.do_not_honor

This error occures when "Customer initiate NACH E-Mandate request but the customer request is not verified/failed by the destination Bank due to Restriction in Customer's Bank Account. KYC issue, Internet Banking Issue or any other technical issue.

Customer to contact the Destination Bank and cross check the reason for failure of Mandate registration. Once the destination Bank resolves the issue the customer can initiate the request after 5 hours of initial request.

35

Invalid EMail 1

This error occures when "Customer initiate the NACH E-Mandate request but there is Invalid Email Id or No email Id is given in customer ID of the loan borrower.

Customer to visit the branch and get his correct email id mandatorily updated in his loan account. Once email id is updated customer can initiate the NACH E-mandate again after 5 hours of initial request.

36

Debit Card validation failed due to invalid card number

This error occures when "Customer initiate the NACH E-Mandate request but input the wrong debit card number while authentication of the transaction and try to proceed further".

Customer to initiate the journey again after 5 hours of initial request and ensure to input with correct credentials/Card Number.

37

Account frozen

This error occures when "Customer initiate NACH E-Mandate request and Customer account is freeze/blocked".

Customer to visit the Destination Bank and cross check the account details with destination Bank and get the account activated. When account is activated, customer can initiate the NACH E-Mandate request anytime atleast after 5 hours of initial request

38

Debit card validation failed due to_Invalid PIN

This error occures when "Customer initiate the NACH E-Mandate request but input the wrong debit card PIN while authentication of the transaction".

Customer to initiate the journey again after 5 hours of initial request and ensure to input with correct credentials/PIN.

39

Mandate Registration Failed.card_not_enabled_for_ecommerce

This error occures when "Customer initiate the NACH E-Mandate request and input the Debit card details but the card was not active for e-commerce/online transactions".

Customer to visit the Destination Bank and get the debit card avtivated for e-commerce/online transactions. After activation customer to initiate the journey again after 5 hours of initial request.

40

Invalid CVV

This error occures when "Customer initiate the NACH E-Mandate request but input the debit card with wrong CVV while authentication of the transaction and try to proceed further".

Customer to initiate the journey again after 5 hours of initial request and ensure to input with correct credentials/Card CVV.

41

Reponse not received within the TAT from NPCI

This error occures when "Customer initiate NACH E-Mandate request but there is a delay from NPCI in processing the file".

Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey.

42

Time expired for OTP

This error occures when "Customer initiate NACH E-Mandate request and Customer enter OTP after the expiry of OTP in account authentication process through Net banking or Debit card mode".

Customer to initiate the NACH E-Mandate request again after 5 hours and ensure input correct OTP within specified time to ensure verification of OTP before expiry"

43

No response received from the customer while performing the mandate registration.

This error occures when "Customer initiate NACH E-Mandate request but he does not complete  or delay the account authentication process through Net banking or Debit card mode within the stipulated time defined by the destination Bank for Net banking and Debit Card verfication process".

Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey in stipulated time.

44

Not a CBS act no.or old act no.represent with CBS no

This error occures when "Customer initiate NACH E-Mandate request but account given for debit of EMI is old/non CBS/wrong/invalid account number".

Customer to visit the Destination Bank and cross check the account details with destination Bank. Customer can initiate the NACH E-Mandate request after 5 hours of initial request and input the correct account number.

45

Account Holder Name Mismatch with CBS

This error occures when "Customer initiate the NACH E-Mandate request but the loan borrower name (who is applying for NACH E-Mandate) and debit account holder name is not matching during authentication of the transaction through Net Banking/Debit card mode".

Customer to initiate the journey again after 5 hours of initial request and ensure to input correct account number in which main applicant is the primary holder in the debit account.

46

No Such Account

This error occures when "Customer initiate NACH E-Mandate request but account given for debit of EMI is old/non CBS/wrong/invalid account number".

Customer to visit the Destination Bank and cross check the account details with destination Bank. Customer can initiate the NACH E-Mandate request after 5 hours of initial request and input the correct account number.

47

Debit card validation failed due to_Invalid expiry date

This error occures when "Customer initiate the NACH E-Mandate request but input the wrong debit card expiry date while authentication of the transaction and try to proceed further".

Customer to initiate the journey again after 5 hours of initial request and ensure to input with correct credentials/Card expiry date.

48

Debit card validation failed due to_Invalid cardno

This error occures when "Customer initiate the NACH E-Mandate request but input the wrong debit card number while authentication of the transaction and try to proceed further".

Customer to initiate the journey again after 5 hours of initial request and ensure to input with correct credentials/Card Number.

49

Mandate Registration Failed.unable_to_authorize

This error occures when "Customer initiate NACH E-Mandate request but the customer request is not verified/failed by the destination Bank due to Restriction in Customer's Bank Account. KYC issue, Internet Banking Issue or any other technical issue.

Customer to contact the Destination Bank and cross check the reason for failure of Mandate registration. Once the destination Bank resolves the issue the customer can initiate the request after 5 hours of initial request.

50

Sorry we are unable to process your request right now, please try after some time.

This error occures due to Technical glitch while processing the NACH request at Bill desk and NPCI".

Customer can re-initiate the request after 5 hours.

51

Mandate Registration Failed. Please contact your home branch

This error occures when "Customer initiate NACH E-Mandate request but the customer request is not verified/failed by the destination Bank due to Restriction in Customer's Bank Account. KYC issue, Internet Banking Issue or any other technical issue.

Customer to contact the Destination Bank and cross check the reason for failure of Mandate registration. Once the destination Bank resolves the issue the customer can initiate the request after 5 hours of initial request.

52

OTP Verification Failure

This error occures when "Customer initiate NACH E-Mandate request and Customer entered OTP in account authentication process through Net banking or Debit card mode and failure occured in OTP verification".

Customer to  initiate the NACH E-Mandate request again after 5 hours and ensure input correct OTP"

53

Account blocked

This error occures when "Customer initiate NACH E-Mandate request and Customer account is inoperative/freeze/blocked".

Customer to visit the Destination Bank and cross check the account details with destination Bank and get the account activated. When account is activated, customer can initiate the NACH E-Mandate request anytime atleast after 5 hours of initial request.

54

Mandate Registration Failed. Please contact your home branch.

This error occures when "Customer initiate NACH E-Mandate request but the customer request is not verified/failed by the destination Bank due to Restriction in Customer's Bank Account. KYC issue, Internet Banking Issue or any other technical issue.

Customer to contact the Destination Bank and cross check the reason for failure of Mandate registration. Once the destination Bank resolves the issue the customer can initiate the request after 5 hours of initial request.

55

Bank Restricts Duplicate request.No such account

This error occures when "Customer initiate 2nd request after error in 1st request and inputing the wrong debit account details in the NACH Form at Bank's web page.

Once the journey is initiated the account details will be verified by the destination Bank and if the account details does not match with the account maintained with bank, it shows this error. Customer to cross verify his account details with destination bank and try after 5 hours

56

Bank Restricts Duplicate request.Debit card Blocked

This error occures when "Customer initiate subsequent request after error in 1st request and Customer Debit card/Debit account is not active".

Customer to visit the Destination Bank and cross check the debit card/account details with destination Bank.

57

Bank Restricts Duplicate request.Mandate Registration Failed_Please contact your home branch

This error occures when "Customer initiate subsequent request after error in 1st request but the customer request is not verified/failed by the destination Bank due to Restriction in Customer's Bank Account. KYC issue, Internet Banking Issue or any other technical issue.

Customer to contact the Destination Bank and cross check the reason for failure of Mandate registration. Once the destination Bank resolves the issue the customer can initiate the request after 5 hours of initial request.

58

Bank Restricts Duplicate request.Debit card Expired

This error occures when "Customer initiate subsequent request after error in 1st request and Customer Debit card/Debit account is not active/expired".

Customer to visit the Destination Bank and cross check the debit card/account details with destination Bank. After activation of Debit card customer can initiate the journey again after 5 hours.

59

Merchant Signature validation failed

This error occures due to Technical glitch while processing the NACH request at Bill desk and NPCI".

Customer can re-initiate the request after 5 hours.

60

Bank Restricts Duplicate request.Account not in regular Status

This error occures when "Customer initiate subsequent request after error in 1st request and Customer account is not in regular status or inactive".

Customer to visit the Destination Bank and cross check the account details with destination Bank. When account is activated, customer can initiate the NACH E-Mandate request after 5 hours of initial request

61

Bank Restricts Duplicate request.Account Inoperative

This error occures when "Customer initiate subsequent request after error in 1st request and Customer account is inoperative/dormant".

Customer to visit the Destination Bank and cross check the account details with destination Bank and get the account activated. When account is activated, customer can initiate the NACH E-Mandate request anytime atleast after 5 hours of initial request

62

Bank Restricts Duplicate request.Account Number not registered with Net-banking facility

This error occures when "Customer initiate subsequent request after error in 1st request choosing Net Banking as Authentication mode and Customer account is not registered/provided with Net Banking facility".

 Customer to visit the Destination Bank and cross check the availability of Net banking Facility with destination Bank. After activation of Net Banking facility or with debit card details, customer can initiate the NACH E-Mandate request after 5 hours of initial request

63

Bank Restricts Duplicate request.No response received from customer while performing transaction

This error occures when "Customer initiate subsequent request after error in 1st request and Customer does not complete  or delay the account authentication process through Net banking or Debit card mode within the stipulated time defined by the destination Bank for Net banking and Debit Card verfication process".

Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey in stipulated time.

64

Bank Restricts Duplicate request.Authentication Failed

This error occures when "Customer initiate subsequent request after error in 1st request and Authentication through Net Banking or Debit Card is failed at Destinatio Bank".

Customer to initiate the NACH E-Mandate request after 5 hours of initial request

65

Bank Restricts Duplicate request.Refer to the branch_KYC not completed

This error occures when "Customer initiate subsequent request after error in 1st request and Customer account is not KYC complied and Destination Bank reject the authentication of Net Banking/Debit card to Due KYC non Compliance ".

Customer to visit the Destination Bank and update the KYC in his account with destination Bank. When account is activated, customer can initiate the NACH E-Mandate request after 5 hours of initial request.

66

Bank Restricts Duplicate request.Debit card not activiated

This error occures when "Customer initiate subsequent request after error in 1st request and Customer Debit card is not active/expired".

Customer to visit the Destination Bank and cross check the debit card with destination Bank and get the debit card activated. After activation of Debit card customer can initiate the journey again after 5 hours.

67

Bank Restricts Duplicate request.Account frozen

This error occures when "Customer initiate subsequent request after error in 1st request and Customer account is freeze/inoperative".

Customer to visit the Destination Bank and cross check the account details with destination Bank. When account is activated, customer can initiate the NACH E-Mandate request after 5 hours of initial request.

68

Bank Restricts Duplicate request.Browser closed by customer in mid transaction

This error occures when "Customer initiate subsequent request after error in 1st request and Customer does not complete the account authentication process through Net banking or Debit card mode and close the browser".

Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey.

69

Bank Restricts Duplicate request.Invalied User Credentials

This error occures when "Customer initiate subsequent request after error in 1st request but input wrong credentials in account authentication process through Net banking or Debit card mode".

Customer to visit the Destination Bank and cross verify the User credentials of Net banking /Debit card from his destination bank. Customer can initiate the NACH E-Mandate request after 5 hours and input only correct credentials in Net Banking or Debit Card mode.

70

Bank Restricts Duplicate request.Transaction rejected or cancelled by the customer

This error occures when "Customer initiate subsequent request after error in 1st request and Customer rejected or cancelled the account authentication process through Net banking or Debit card mode".

 Customer can initiate the NACH E-Mandate request after 5 hours and complete the journey.

71

Mandate Registration Failed.caf_not_found

This error occures due to Technical glitch while processing the NACH request at Bill desk and NPCI".

Customer can re-initiate the request after 5 hours.

72

Mandate Registration Failed.format_error

This error occures due to Technical glitch while processing the NACH request at Bill desk and NPCI".

 Customer can re-initiate the request after 5 hours.

73

Bank Restricts Duplicate request.Maximum tries exceeded for OTP

This error occures when "Customer initiate subsequent request after error in 1st request and Customer entered wrong OTP multiple times in account authentication process through Net banking or Debit card mode and OTP exceeds the number of OTP tries fixed by the Destination Bank".

Customer to visit the destination Bank and check the maximum number of tries fixed by the Bank and initiate the NACH E-Mandate request again after 5 hours and ensure input correct OTP within specified limit"

 

Basic Bank definiation
Destination Bank: Bank where Customer is having debit account from which he wants to get EMI to be debited.
Sponsor Bank: Bank where Customer is having Loan account in which we want EMI to be credited

Note: The Bank may use the services of agents in sales/marketing etc. of its various products. The agents may call the customers to increase the Digital awareness and Digital adoption.

Frequently Asked Questions (FAQs)

  • When can my NACH e-mandate application be rejected?

    The application may get rejected when the borrower enters incorrect personal details for e.g., bank number, folio number, etc. It could also get rejected if the borrower’s bank is not authorized to provide e-mandate.

  • What kind of payments/loans come under NACH e-mandate?

    Any individual, businessmen or corporation can borrow an amount of money. For e.g., recurring payments, insurance premiums, SIPs, etc.

  • What is the eligibility of NACH e-mandate?

    An applicant needs to have an Aadhar card and PAN card to be eligible for e-mandate.

  • Are ECS (Electronic Clearing Service) and NACH e-mandate alike?

    Yes, but with e-mandate an individual will be able to regularly track their payments digitally through net banking. In the case of ECS, the process is completely offline.

  • What are the types of mandates that NACH provides?

    NACH provides debit and credit to individuals and corporations.

  • Is NACH e-mandate approved by the RBI?

    Yes, RBI has granted final approval for NACH e-mandate for banks.

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