NACH (Electronic National Automated Clearing House) Mandate is a digital payment facility that allows customers to authorize recurring debit instructions to banks or financial institutions electronically. It is commonly used for insurance premiums, EMIs, utility bills, SIPs, and other periodic payments.

Instead of physical forms and signatures, customers can approve an eNACH mandate online using authentication methods like Aadhaar-based eSign or net banking.

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Key Benefits:

• Enables automatic debit from the customer’s account on due dates.

• Paperless and hassle-free setup process.

• Ensures timely payments, avoiding late fees.

• Can be revoked or modified by the customer at any time.

• Secure and governed by NPCI (National Payments Corporation of India).