All about NACH (National Automated Clearing House)

Recently NACH was made compulsory for your any payment, which is recurring in nature instead of a current ECS mandate. This applies to your SIP of Mutual Funds, Utility Bills, Insurance Premiums, Credit Card Bills, or any payment, which you feel recurring in nature.

From 1st May, 2016 you have to use this facility to give auto instruction of debit from your bank account. ECS mandate will go off completely for banks, which are live on NACH. Hence, first let us understand what is NACH (National Automated Clearing House). Refer this NPCI circular for the same.

National Payments Corporation of India (NPCI) created this wonderful video of understanding this facility in a simple way.

I tried to explain the same from this below image.

NACH (National Automated Clearing House)

You notice that here customer means you. NPCI (National Payments Corporation of India) is an organization, which meant to consolidate and integrate the multiple systems with varying service levels into nationwide uniform and standard business process for all retail payment systems. The other objective was to facilitate an affordable payment mechanism to benefit the common man across the country and help financial inclusion.

What is the difference between the ECS and NACH?

# In case of ECS, the process is manual. Hence, takes more time or verification issues. However, in NACH it is defined workflow, which reduces the time.

# In case of ECS, you will not get a unique mandate registration reference number. However, in NACH you get it and can be used for future reference.

# In case of ECS, the possibility of higher rejection ratio. But due to less paperwork in NACH, rejection ratio is less.

# Settlement of payment, usually takes 3-4 days in ECS. But in case of NACH it will be settled on the same day.

# There is no such dispute management system placed in ECS. However, in NACH it is well set and can be resolved issues easily.

# Registration of ECS usually takes around 30 days. But in NACH it is just 15 days.

Who are the participating banks?

These are the live banks for which NACH is mandatory to adopt from 1st May, 2016. All core banking enabled banks are soon going to be part of this facility. Currently, all major banks are part of this NACH.

Few other features of NACH facility are as below.

  • Your NACH may get rejected due to an incorrect bank account, folio number or other incorrect details. It also gets rejected if the investor’s bank is not participating in NACH.
  • You can stop NACH at any point of time by submitting the cancellation form.
  • The default NACH mandate will be up to 31/12/2099.
  • You can mention the frequency, amount and the date of last debit.  Also, can alter it at any point.
  • You can register as many NACH as possible. There is no such limit.

How typical NACH application form looks?

Below is the same NACH application form which from 1st May, 2016 will be applicable to all your ECS transactions.

Sample NACH Form

Hope I cleared doubts regarding NACH mandate, which will soon replacing ECS.

336 Comments

  1. Hi sir, I want to cancel my nach mandate in Citibank can I do it on online

    Reply
    • Dear Gnanasekhar,
      It depends on what reason you want to mandate the NACH. Check with the concerned.

      Reply
  2. Hi sir !! ankita here!! Sir i have applied for loan of 15,000 in Loan giving apps..Now they asked for nach..The nach they provided has maximum amt to be 15,000 and date frm 15/08/2020 to 1/12/2099 ..Sir does it mean that in every month 15,000 will be debited frm my acnt???sir this is all confusing..Please help me..Should i sign nach?

    Reply
    • Dear Ankkita,
      They deduct as per EMI schedule but they are just mentioning that in case of your default, they have a right to withdraw up to Rs.15,000 (which is your loan amount).

      Reply
  3. Thanking you for your Nobel efforts.
    State Bank India , Branch code 02002
    Randomly debited from my account every month @Rs 1000/ since how long don’t know ,now Noticed that INVESTMENT INTERMEDIAR ,CMP CENTER HYDERABAD.
    How can I stop such debit from my Account & will get back my debited amount to credit in my account

    Reply
    • Dear Chittaranjan,
      Why you kept silent and why not immediately complain with the bank?

      Reply
  4. Hello sir,

    Whether my account gets debited with the premium amount as NACH mandate was submitted while purchasing the policy.

    And I have paid the premium in advance for this year.

    Please comment

    Reply
    • Dear Ashwini,
      If you already paid, then there will not be any NACH auto-debit.

      Reply
  5. Hi sir,

    I did a LIC policy for which the second quarterly premium is due this month. Can I do NACH in this policy paying the current due in cash.

    Thanks.

    Reply
  6. Dear Sir,

    Due to NACH my half salary is getting into closing balance if i cancell it can i use my closing balance to effective balance and what will happen if i cancell the NACH

    Reply
    • Dear Bharath,
      I don’t know for what purpose you provided the NACH, then how can I suggest something blindly?

      Reply
  7. Sir,

    I want to cancel NACH which have given to Bajaj finserv

    Moratorium applied still they are hiting account and it’s has gone to 9000 minus due to charges.

    EMIs are less than charges

    How to cancel

    Reply
    • Dear Shobha,
      It is the fault of Bajaj Finservices. Approach them or cancel the NACH with the bank.

      Reply
  8. Ive applied for a personal loan of the 450000 for 60 months and the monthly EMI’s are supposed to be 10900. Today i was asked to make NACH mandate registration and the set amount mentioned was 1,00,000 as the max amount and the first collection date was on 2-Jul-20 to the last one being on 2-12-2030.

    The bank said that they will deduct the first EMI from August. This is all really confusing. Does this mean that 1,00,000 will be deducted from my account every month. Please help me with this.

    Reply
    • Dear Vanessa,
      It is the maximum amount they can withdraw but it does not mean every month they withdraw Rs.1,00,000. It is as per EMI schedule.

      Reply
  9. Hello sir,
    How many times can I be charged for Nach return in a month…..last year in a month I was charged 5 times and next month 7 times then again 5 times in the following month….isn’t their any predefine frequency on which it works…..

    Reply
    • Dear Rahul,
      Charged in the sense the banker? Can you elaborate more?

      Reply
  10. Sir,
    Yes bank deducted 1855 Rs for NACH Return without intimating me in the month of april,I don’t know how much amount can bank deduct they deuct 400,200,69 like that within 15 days i was so disturb because i put the moeny for EMI and they deduct or NACH please sir tell me how much amount can bank take and how, help me please

    Reply
  11. Hi Sir,
    I have a PL on HDFC.My first EMI was scheduled on 06/04/2020.But it was deducted on 07/05/2020 instated of 06/05/2020.Whenever i checked it on HDFC internet banking there is no transaction for 07/05/2020 amount(NACH-DR- HDFC BANK LIMITED).It shows 0.00 for 06/04/2020 and 06/05/2020.Due to COVID-19 pandemic situation HDFC loan department is closed.What can i do.Please suggest me.

    Reply
  12. Hi Sir, I have a loan from Lendingkart and I have opted for moratorium now. But my account is getting debited ?295 for ECS/ACH Return Charge again and again for at-least 5 times this month. All ECS is requested by Lendingkart. I got an email from Lendingkart that my request for moratorium is approved. Now today, 3 ACH/ECS (from Lendingkart) is successful in my account and almost all balance is gone. My EMI with Lendingkart is ?25243 and today’s deduction was like 12000+, 3500+, 2000+.

    Why is it like this? What can I do?

    Reply
    • Dear Joseph,
      Approach the bank and apply for cancellation or contact the Lendingkart.

      Reply
  13. Sir mera accunt ko band stop kardijye please sir bhut paise katta hai sir humlog to gareeb hain gareeb ka paise leke kya kroge sir please cancel kardijye sir

    Reply
  14. Hi

    I registered for Byju course with nach. Pan card details were not shared by me. Only account details and nach mandate was signed. Will cancelling the nach affect my cibil if no pancard details were shared?

    Reply
  15. Hii Sir,
    Plz tell me about the meaning,Mandate with UMRN SBIN0000000046552583 for Rs 1,00,000.00 issued to BSE LIMITED CREATED.In case of any issues please contact branch…

    Reply
    • Dear Gobinda,
      I think you submitted the NACH to BSE. Hence, either contact the BSE or the Bank.

      Reply
  16. Mandate Not Registered_ not maintaining req balance : Throws this error on doing e-nach what it means?

    Reply
    • Dear Gaurav,
      You have not managed the balance for the auto deduction amount. Hence, the NACH canceled.

      Reply
    • For stop nach BSES
      Can bank stop these service ?

      Reply
  17. How do i check the status of my nach scheduled payment? Generally the debit happens on 15 or 16th of the month from my account but this month it hasn’t been debited till 19th. Could I know if it has failed through some link.

    Reply
  18. UMRN SBIN7012303200017959 of E-MANDATE SBI REQUEST ID TM01010957 OF RS. 35000 IN A/C XX2345 IS ACTIVE. In case of any issues please contact branch
    UMRN SBIN7012303200017961 of E-MANDATE SBI REQUEST ID TM01010953 OF RS. 10000 IN A/C XX1647 IS ACTIVE. In case of any issues please contact branch

    hello sir i got this message yesterday i dont understand what is this.i just started sip plan through the policy bazar and its about 3057 rs per month but why this message to me please help me sir

    Reply
  19. How I can cancel/stop mandate with UMRN (SBI) which I have given for purchase of extramarks education app. I want to cancel/stop this mandate

    Reply
      • Dear Customer Mandate reference no: HDFC0000000012107869 issued to BAJAJ FINANACE LIMITED with value Rs. 50000.00 and frequency MNTH is received today for processing. In case of any issue please get in touch with your branch.
        Please clarify sir .I didn’t filled any NACH form to Bajaj Finance

        Reply
    • i want cancel my ecs online mandate i went to bank my banker ask me give me UMRN AND UTILITY CODE FOR MANDATE AND NACH NUMBER HOW I GET THE DETAILS PLEASE HELP ME.

      MY BANK ICICI BANK

      MY DEBTOR. BAJAJ ALLIANZ LIFE INSURANCE

      Reply
  20. Sir maximum amount filled by bse star mf is it right??

    Reply
    • Sir ,
      I have invested in a sip through a broker , for which money is being automatically deducted from my bank account through Nach. Now I want to cancel the said Nach. But I have not received a proper response from my broker regarding the cancellation. Please advise.

      Reply
  21. Cheque/NACH dishonoured in Acc XXXXX for 4 times in FY due to insufficient funds. Cheque/NACH facility is stopped. Please contact Branch immediately. How do i reinstate the same.? From which bank do i have to follow, my bank or lender’s bank ? And how do i proceed with the issue.?

    Reply
      • How can I cancel the NACH in my account

        Reply
        • Dear Rupshan,
          Either approach the bank or to whom you submitted the NACH.

          Reply
  22. I just received this msg
    Dear customer,
    Mandate reference number ANDB7000000003854890 issued to SNAPMINT CREDIT ADVISORY PVT LTD E SIGN with value 1387 and frequency As & When Presented on a/c No. XXXXXXXXX3068 authenticated by you has been submitted in NACH system. If you have not submitted this document please approach your bank branch immediately

    I didn’t buy anything from them i jus checked over there why the asking for emi??? Can i. Remove this inquiry from My system

    Reply
      • I also got similar message which is “Mandate with UMRNSBI0000000046062054 for Rs 20,000 issued to LIC HOUSING FINANCE CREATED. In case of any issues please branch”.

        First thing is I don’t understand what is the meaning of this message and the second thing I have never done such transaction in which I will pay 20,000 to the LIC. Please help me.

        Reply
        • Dear Anirudh,
          Do you have any housing loan with LIC? If not, then approach the bank and cancel the same.

          Reply
  23. hello sir
    i applied for loan through INDIA LEND and got approval form PAYSENSE after submitting documents and NACH form i did not recieved any amount till yet…i am afraid if they deduct EMI without disbursing loan ..pleasr help what to do

    Reply
  24. Hello sir, is NACH mandate to transfer the PF

    Reply
  25. Hi sir,

    My NACH has been rejected 4 times in this FY so NACH has been stoped. What I do how can I enable it again.

    Please help.

    Reply
      • Where I have to re-register whether with the Bank where i have Account or with the lender who gets EMI.

        Reply
  26. Hi sir,

    Amount has been deducted from my loan provider a week prior to the due date and it mentions NACH on the statement. But I never filled any nach or ecs form. I contacted the bank provider and they say that the ECS request has been submitted. Any idea on this. Please help.

    Reply
    • Dear SK,
      Then bank can say from whom they received that NACH and accordingly you can request for cancellation.

      Reply
  27. There is charges every month for the ecs and it’s keep on increasing, how to avoid it

    Reply
    • Dear Dhanshekar,
      Approach an entity to whom you have signed a mandate.

      Reply
  28. why nach mandate amount and installment amount is different

    Reply
    • Dear Samal,
      Nach Mandate amount is maximum and installment is your actual deduction.

      Reply
  29. what will happen if nach payment is on Sunday

    Reply
    • Dear Pritam,
      It will be deducted on the immediate next working day.

      Reply
  30. Sir I received a message saying like the below mentioned. I’m a little worried about what it is as I have never registered for anything as such
    ACH Debit mandate registered for Rs. 50000 /- in A/c No.***** for BAJAJ FINANACE LIMITED with UMRN No.********. Please help me

    Reply
  31. I was looking for a instant loan n during the registration I was asked to register with NACH and there was Amount of RS 5500, so what is that it also mentioned the expiry date of one year from today so can you explain will I be able to charged for the registration or what does that amount indicate

    Reply
    • Dear Abhijeet,
      I am not sure what you are pointing with respect to Rs.5,500. But I think it is your EMI. Expiry date means the said NACH is for a year.

      Reply
  32. IS NACH APPLICABLE IN ABROAD AS WELL?

    Reply
  33. Hi sir, i have recieved below message from my bank can you please assist me with this

    Dear Customer,Your NACH mandate for HDFC BANK LIMITED has been declined due to reason – Amount in words and figures differ on 07-NOV-19.Please contact the biller where you had submitted the mandate.

    Reply
    • Dear Goutham,
      What assistance do you need? The message is clear.

      Reply
  34. Sir i have a doubt.. suppose my premium date is 23 oct but due to low balance it lapsed and 295 ach return charged. If i dont pay premium till 23 Nov and so on will bank keep on charging for ach return every month. Btw i dont want to continue my lic policy. I was being fooled by my family member

    Reply
    • Dear Deep,
      It is up to your bank to charge on NACH. Hence, better to be in touch with bank for charges related.

      Reply
  35. Hi,
    I received a message saying, ‘Dear Customer Mandate reference no: HDFC** issued to IDFC FIRST BANK LTD with value Rs. ** and frequency MNTH was rejected due to the reason ‘Data Mismatch With Image – Payer Name’ received today for processing. In case of any issue please get in touch with your branch.’ what does this mean and am I supposed to be worried??

    Reply
    • Dear Akshay,
      Yes, better to check with your bank immediately.

      Reply
  36. Dear Customer,
    Mandate egistration-UMRN SBIN5000000036798417 for Rs 1260.00 issued to IDBI BANK LTD received today.In case of any issues pls contact branch.

    With Regards,
    Assistant General Manager,
    State Bank of India
    61076,NATIONAL AUTOMATED CLEARNING HOUSE
    Mujhe ye mail aya but mene nach ke liye form filup nhi Kya h mujhe ye payment stop krna h branch se bola gya idbi Bank se hoga…plz help acs ecs return ke karna mere account se kariban 700 RS debit Kar liye gye h…

    Reply
  37. Is it possible that NACH mandate is updated in one bank and amount get credited to other bank?
    Please kindly let me know.
    Thank you

    Reply
    • Dear Yogesh,
      The bank you updated and the amount to be credited must be same.

      Reply
  38. my sbi account debited with nach of lic.i have not any lic policy.so why debited my account two-three per month.how do cansel of it.

    Reply
  39. my NACH service is stopped due to cheque bounce how it start again please clear

    Reply
      • Sir I have received this message from my SBI BANK
        Cheque/NACH dishonoured in Acc XXXXX412523 for 4 times in FY due to insufficient funds. Cheque/NACH facility is stopped. Please contact Branch immediately.
        Now how to I reopen my check facility…? Please tell me sir

        Reply
        • Dear Pranjal,
          Contact the branch and request for fresh NACH registration.

          Reply
          • Same issue with me too. Branch manager of SBI is saying they can’t help contact corporate office. Where is this corporate office and how to contact them?

            Reply
  40. Dear I have LIC NACH i want to cancell my mandate NACH.I have account with SBI bank.i have approched sbi bank branch for the cancellation for mandate NACH. they said to contact LIC. what to so sir?

    Reply
      • And LIC would say contact the bank. Very incompetent government employees.

        Reply
  41. Why CC Cash Credit Accounts are Not Getting Approved BY NPCI Rejection Reason “Mandate Registration Not Allowed For CC Account’

    Reply
    • Dear Sujay,
      CC Accounts are meant for a different purpose and hence the rule.

      Reply
  42. I want to cancel my nach.. please help me.. how to cancel my nach through netbanking. please help me its very urgent

    Reply
    • Dear Shashti,
      You can do so by approaching the bank (not through net banking).

      Reply
  43. I cancel loan from nbc company. But they had registered Mandate Registration: umrn today. I also not received amount from them. How to cancel this before it starts.

    Reply
  44. Sir,
    Nach mandate cancelled by mistake from mobile banking.
    Will it update by self or i have to upload nach again.
    Or will any extra have to pay.

    Reply
      • Sir,
        Can i apply for NACH mandate which cancelled by mistake to my bank or to the institution from where i have taken loan.

        Reply
        • Dear Sumit,
          It is better to apply for NACH with the institution from where you took the loan.

          Reply
  45. HI MY NACH/ CHEQUE SYSTEM HAS BEEN STOPPED BY BANK . CAN OTHER AMOUNT LIKE PF / SALARY CAN BE CREDITED IN MY ACCOUNT.

    Reply
    • Dear 6,
      It depends on to which your bank details are linked. How can I say these?

      Reply
  46. Sir,I got message of a mandate value which shows high amount than the actual emi amount of my loan.why ??

    Reply
    • Dear Vivek,
      Because they mentioned the maximum limit they can be allowed to withdraw.

      Reply
      • Sir you mean it is risky to give NACH mandate to such lenders
        Can I stop this mandate by contacting my home branch

        Reply
        • Dear Babu,
          I am not saying risky or what. But I am saying, be careful why giving mandate.

          Reply
  47. Is there any technical difference between ECS and NACH? Or is it just change in name? I see no difference between these two except registration/payments becoming faster(although it does specify how it is becoming faster)

    Reply
  48. I took Card swipe machine for my business and gave NACH mandate for it . They are now deducting unnecessary charges .Now I want to stop it.The company people are only available via call centre. What should I do ?

    Reply
      • My bank is PNB and Pos supplier is First data sevice (ICICI joint venture) . My bank branch says it is unable to do anything. First data service has no physical office , only call centre no. and mail I’d.

        Reply
        • Dear Kumar,
          Let PNB give in writing that mandate is not possible for them to cancel.

          Reply
  49. Hi… Thanks for the article. Most of your articles help me get a clarity on insurance and banking things.

    One doubt: Is NACH mandate compulsory when I start a long term insurance policy ? Or am I still allowed to go in the website and pay online premium myself ?

    Reply
    • Dear George,
      There is no mandatory thing. You can pay the premium as you wish.

      Reply
      • Thanks Basavaraj 🙂

        Reply
  50. Hi, i am doing my personal finance buz…and taking chq from cusomer as emi. Can i use NACH?… IF yes than how it work on every month.

    Reply
    • Dear Atul,
      Let your customer submit the NACH with you and then you have to submit to the respective banks.

      Reply
  51. Hi sir.
    How to apply for cancellation ??

    Reply
  52. Is there any way to get the UMRN money back which has been dedicated from my Sbi bank ?

    Reply
    • Dear Akshay,
      I think you are asking for the refund where the money is debited from your account right? Sadly NO.

      Reply
  53. Hi Sir,
    Once the NACH form is signed by a person and given to the company to whom the amount is to be paid, can the person go to bank and ask them not to process the payment to the company mentioned in NACH form, will the payment process be stopped by bank..

    Reply
  54. How do I cancel my NACH Mandate that I submitted for a loan? The loan was rejected. What is the procedure to cancel NACH Mandate?

    Reply
  55. why my mandate amount is registerd with Bank more than my actual
    EMI amount?

    Reply
    • Dear Amita,
      Check the same to whom you provided this (Banker where you received the loan).

      Reply
  56. Sir o online app I have applied for loan. They asked me to sign the nach copy and send. I sent it. Soon after I sent the signed copy they rehected my loan. Is there possibility that they submit it in my bank. Can I cancel that application.

    Reply
    • Dear Abhilash,
      Check whether the NACH is registered or not with your bank. If not, then no need to worry. If it is registered, then apply for cancellation with bank.

      Reply
    • Respected sir.
      Mene apna form submit kiya hai PM SYM yojna m. Jisme 1st installment submit kr di h lekin aage ki installment account se auto debit krwani hai..jha pr mandate form upload krna tha vha par galati se photo upload ho gyi hai..or form successful submit ho gya hai..lekin jb mandatory form rejected hoga to mjhe kya krna pdega..kyuki PM sram yogi maandhan yojna m mandate form dobara upload krne ka option nhi aa rha hai.. so pls agr apko pta ho to btana plsss

      Reply
  57. What happens if I paid loan emi in cash on time in nbfc bank but given nach mandate to lender. ? Should I have to pay bounce charges?

    Reply
    • Dear Chetan,
      Yes, because your NACH transaction failed right?

      Reply
  58. IN NACH form their is a Tick option of As & When Presented option in Frequency . kindly tell us what is the proper means of this options

    Reply
    • Dear Bhupinder,
      It means whenever the institution submit the request for fund to be withdrawn from your account bank can accept it. This is what the meaning is.

      Reply
  59. Contacted branch but of no use..they gave a user code which is india ideas i.e. billdesk
    Payment getway …but for whom for which could not be traced!
    Pls help

    Reply
    • Dear Satyasis,
      Try to identify the recent financial transactions of your’s or to whom you provided any documents.

      Reply
  60. Got this message
    Mandate Registration- UMRN ……. for Rs 6,000.00 issued to IndiaIdeas received today.In case of any issues pls contact branch
    Now I don’t remember any mandate registration recently. Is there any way to track online by UMRN,who and for which is going to get paid?

    Reply
  61. NACH facility start my company but process not found plz help

    Reply
    • Dear Badal,
      I am unable to understand your comment. Can you elaborate more about your doubt?

      Reply
  62. Sir,
    My mother has received a message that mandate registration-your umrn sbi issued some amount to hdfc it has rejected- invalid frequency. What does it means?

    Reply
    • Dear Srujana,
      I think someone registered for NACH. Also, it is rejected. But still, better to cross check with bank regarding the details.

      Reply
      • Sir,
        I have took two Wheeler loan from hdfc bank.
        Today i got a msg thAt Mandate registration- UMRN SBIN0000000023931728 for Rs 4,722.00 issued to HDFC BANK LIMITED REJECTED-Drawer authority to opera.Please present again.

        What does it mean? And what i need to do now.
        Hope i find the answer Your answer will be appreciated .

        Reply
      • Nach rtn charges how to stop sir

        Reply
  63. I think I’ve asked you baseless question. Its okay Sir, Sometimes we have to find answers ourselves. By the by thanks for you reply on April 21, 2018.

    Reply
  64. Sir I apply plot loan in lichfl but they delay to sanction so plot owner cancel deal I request lichfl cancel my loan but they have issues cheque in favour of owner and mandat umrn present in bank I received msg
    Can I cancel my mandat umrn

    Reply
    • DearAmrika,
      Yes, you can cancel it. Approach the bank for the same.

      Reply
  65. Dear Sir,
    This is Khirod again with another concern.
    I got a question to ask; Whether checking CIBIL score for free online (once in a month or on a regular basis) hurts Credit Scores? Sir Last night a good friend of mine who is an advocate himself had asked me this question and I wonder who should I ask for! I would really be glad if you clear my doubt on this as last time with the help of suggestions I’ve cleared all my loan dues and almost checked thrice my Credit Score online.

    Thanking You
    Khirod Maharana

    Reply
  66. Sir i have taken a loan from indiabulls for 1 lack and emi for same is 4802. I am paying the emi on time but i recieved a mesage from my bank of some UMRN and rs 5763 in favour of IVL FINANCE. What is that sir.

    Reply
    • Dear Hitesh, Not sure what it is. Better to check with your lender.

      Reply
  67. I got a message fro hdfc that ach debit mandate is registered for 30474 in my ac for hdfcltd with umrn no.XX
    I do not know what is that for > have a personal loan from HDFC for 1 lac and Instalment is 3406.

    Please suggest

    Reply
    • I received similar message today. Did you check with bank. Any idea please

      Reply
  68. Sir,
    My NACH form rejected twice by my Bank now I’m paying EMI manually since a year (every month in time). However still they are saying I’ve an overdue of more than 5000 rupees.

    Is this going to affect my CIBIL score?

    Reply
    • Khirod-Yes, if there are dues in EMI then it will affect your credit score. Hence, better to check the reasons for NACH rejection and how the dues left.

      Reply
      • Thank you for your reply Sir.

        Reply
  69. Sir,

    September 2017 I had taken loan from LIC and from November, 2017 to till date I am repaying each month through my cheque. .
    every time my Canara Bank msg says “Drawer’s authority to operate account not received”. Again I will go to LIC and in this process I have signed 3 times in NACH forms. Every month i am getting a msg from LIC reminding me to pay my repayment.
    I placed a complaint with LIC and i got a reference no. I had sent several mails to my bank and LIC. recently i got a msg from LIC giving some UMRN no. and asked canara bank to check the status. Now i am requesting my bank. They are telling there is no information for them.
    But UMRN no. says CNRB……….. means it is given by canara bank only.
    could you please help me what should i do next.

    Reply
      • thank you very much for immediate response sir. I have been requesting my bank to check the status so that i can repay without any problem.

        Reply
  70. Hi,
    I have created a NACH mandate Form a particular company but now i want to cancel it, I have filled the cancellation Mandate Form, my question is to whom should I submit this cancellation form to my bank or to the company in whose name i have created. submitting the Cancellation form to the company if they dont abstain from taking the cancellation form than what should I do?

    Reply
    • Kainat-You have to submit it to the company in whose name you have created.

      Reply
      • If they refuse to take the cancellation form What to do?

        Reply
  71. I hv received an email which states UMRN failure notification.. reason is drawers signature differs.. so now wat is the procedure? Wat is umrn?

    Reply
    • Evangeline-It is due to signature mismatch which you signed on NACH form to the Bank data. Hence, you have to re-register once again for NACH.

      Reply
      • If rejected due to signature mismatch do we have to relaunch mandate at bank or company issuing mandate e.g. loan provider?

        Reply
  72. Sir
    Lic premium payments,NACH mandatory is compulsory for monthly premiums? Our agent told me”lic allows quarterly, half yearly, yearly premium payments in any mode like cash, net banking etc, but monthly premiums through only NACH” IS IT true? Please give me suggestions..

    Reply
      • Thanks for your suggession,one more doubt sir,
        Can i remove NACH mandatory at any moment i meant after paying 2 or 3 premiums?

        Reply
      • I taken money from wallunt but I want to take money again it showing low balance in my wallunt and nach rejected by my bank Plz help sir i want money urgent Plz help me

        Reply
  73. Sir,
    With purchase of SIP through MF Utilty PayEezz will I be provided with URN of Fund Houses? If so, do I need to Add Biller details of AMC’s in my mandate account? If no, how do I go about it?

    Reply
  74. Hello sir,
    I have planned to buy a mobile using card less emi (zestmoney.in).
    On the registration process, they asked me to enter the netbanking user id and password in their page to check for transaction details so that they can verify the income level in my account.

    Is it safe to enter the netbanking user name and password details?

    Does all other card less emi options ask netbanking details?

    Reply
    • Shree-Never do that. Instead, let them ask for a hard copy of the past transactions.

      Reply
  75. What is mean about these messages yaar being very busy in corporate work non bank replied by customer care no. Earlier I transferred my personal loan balance from HDFC to ICICI with emi from SBI
    Pls see below message

    Dear Sir,
    We have instructed our bank to remit Rs. 23075 to your account by NEFT towards 72010534160400000021-TP022720105179279297-CLAIM

    Dear Sir,
    We have instructed our bank to remit Rs. 19064 to your account by NEFT towards 15320034170400000032-TP022153200179292171-CLAIM .

    Mandate registration- UMRN SBIN0000000018474821 for Rs 5,69,040.00 issued to ICICIBANKLTDRAOG REJECTED-Drawer Sign Differs .Please present again

    Reply
    • Pravin-It is your hard earned money. If you are so busy, then NONE CAN PROTECT YOUR MONEY or YOU. Take time and be in touch with your concerned BANK.

      Reply
  76. Dear Mr.Basavaraj,

    I have registered a NACH mandate to pay my SBI home loan from citi bank account. Generally how many days does it take for the registration process ? Is there any way to know the status of registration process.
    Thanks in advance

    Harsha R

    Reply
    • Harsha-It will be registered within 15 days or so. Check with your banks for the same.

      Reply
  77. My EMI would be Rs 1800/- for sanction loan of Rs 35000 and they are telling me to sign NACH of Rs 35000/- what should i do

    Reply
  78. ACH Debit mandate registered for Rs. 35000 /- in A/c No.XXXXXXXXXXXXXX for LIC Housing Finance Ltd with UMRN No.HDFCXXXXXXXXXXXX.

    My actual EMI amount is around 30500, why is the amount of the message more than actual EMI? Is that the maximum amount that can be transferred from bank to loan account?

    Please explain.

    Reply
  79. Ach mandate charges 59 is one time or every month?

    Reply
    • Vikas-Not every time. If they are charing, then contact your bank.

      Reply
  80. My EMI IS 17061 WHICH WILL START FROM NEXT MONTH FOR PERSONAL LOAN BUT I RECEIVED MSG FROM MY BANK ACH DEBIT MANDATE REGISTERED FOR RS 25000 PLEASE TELL ME NOW THEY WILL DEDUCT 25000 RS FROM MY ACCOUNT IF YES THEN WHAT I SHOULD DO

    Reply
  81. I got the massage twice , you nach mandate ********* for HDFC has been setup under ICICI bank with different Nach number . Is there any issue ? I had applied for the the loan from HDFC bank ..

    Reply
    • Deepak-I am not sure why two NACH were set up. Check with HDFC Bank for the same.

      Reply
  82. Sir my premium of lic is 14735 but i recieved nach mandate registration message from sbi bank for rupees 17700 hows so? Please help

    Reply
    • Santosh-Usually they round it off. If you don’t want that mandate but want to set it to exact premium amount, then you can cancel it and re-register it.

      Reply
  83. mandate with UMRN SBIN………..XXX for rs 15000/ issued to union bank of india created on 30/1/2018.
    what does this mean. But amount deducted on 01/02/18 is 17720/.

    Reply
    • 17720 is the current emi which is to be reduced to 15000. This has not happened.

      Reply
      • checked with sbi, based on that , a mail highlighting was sent to sbi. This will be forwarded to clearing house. which is the clearing house and their site address?. will thereversal happen
        ,

        Reply
  84. Mandate with UMRN XXXXXXXXXXXXXXXXXXXX for Rs 1,00,000.00 issued to BANYANTREE SERVICES received today.In case of any issues plz contact branch

    Please tell me what is UMRN means… i donot have transaction of 1 lac… to Banyan tree services…

    Reply
    • Saket-Whether you have given auto deduction from your bank to the concerned firm, if so this is in this regard. If not, then contact the bank immediately and cancel it.

      Reply
    • Hi Saket,

      I too got this same message today. I called my branch but as usual no response. What did you do in your case? please advise.

      Reply
  85. Mandate with URMN SBINXXXXXXXXXXXXXX for Rs 30,00,000.00 issued to BSE Limited Created. In case of any issues please contact branch.

    I got this SMS from AD-CBSSBI.

    I do not what it is and 59.00 Rs is deducted with ACH CHARGES. Please help me understand and how can i revert it

    Regards,
    Raghavendra

    Reply
    • Raghavendra-Whether you submitted ECS (NACH now) form to anywhere? If not, then contact the bank immediately for the details.

      Reply
      • Dear Sir ,
        Please tell me what is the meaning of above sms , I have also received same .

        Reply
  86. Mandate with UMRN XXXXXXXXXXXXXXXXXXXX for Rs 50,00,000.00 issued to BSE Limited CREATED. Bank also debited Ra 49/- for this. I never going to do 50 lac transaction. Please sugeeste how to revert this mandate

    Reply
    • Kishore-Use the same above shared NACH form and can modify it.

      Reply
  87. Dear customer,your security NACH mandate towards Loan ***** has been sent for registration to your bank vide **************************. Please request your bank to register the mandate . Mandate will be presented only if the EMI is not paid.

    Can you please explain what should I do??

    Reply
    • Prachi-I don’t think personally visiting the bank and informing about NACH mandate is required. However, it is still better to inform to your bank about the same.

      Reply
  88. NACH facility available is Baroda rajasthan khetriya gramin bank

    Reply
  89. Hello sir my account is in Peerzadiguda branch from my a 2950 rs has been Dr Debit why

    Reply
    • I have problems by the third party
      That customer from Nach services he told I will provide loan
      But he had taken my documents with that by one application he had send by camden technology issuing loan but after sending my bank statement from my account he had kept consumer loan as I am getting problem with this person

      Thanking you sir to stop Emi by the Third party

      Reply
  90. I am doing NACH payment to an NGO through HDFC Bank. Now, I want to cancel NACH. How do I cancel/withdraw NACH payment? What is the process? Please help.

    Reply
      • Hi, Thank you for your help. Is there a way to to do the same in online?

        Reply
          • Okay. So I need to approach the NGO, fill the cancellation form and submit.

            Sorry for bothering you.

            Reply
  91. Signature, account number, & name verify or direct debate happens.?

    Reply
      • Without verification how can they directly debate from our account.?

        Reply
        • Dinesh-That is DEBIT not DEBATE. They verify your original documents while doing KYC. If not done, then you can raise the complaint.

          Reply
          • I filled one nach form but done wrong signature.
            Since the debit happens.
            That’s not fair.

            Reply
  92. Sir
    I TAKE A PERSONAL LOAN BY INDIABULLS .AND SIGN A MANDATE IN FAVOUR OF INDIABULLS.BUT I RECIVED A ALERT MASSAGE BY MY BANK THAT Mandate Registration- UMRN SBIN00000000XXXXXXXX6 for Rs 2,632.00 issued to AXIS BANK received today.In case of any issues pls contact branch.SIR HERE SHOW THAT MY BANK ISSUE MANDATE REGISTRATION TO AXIS BANK .BUT I TAKE LOAN INDIANULLS.SIR I AM NOT UNDERSTOOD.PLEASE SOLVE MY QUERY.WHAT NAME SHOW IN MY ACCOUNT STATEMENT WHEN EMI DEDUCTED.

    Reply
    • RSM-I am not sure of why Axis came into the picture here. Contact the branch of SBI immediately.

      Reply
  93. Recently I bought an insurance policy from future Generali and they gave me an offer that we are crediting 4lacs business per month in your account and you get 4% commission. So my question is this,that after this can I pay tax for this.

    Reply
    • Darshansingh-I am not sure about this. Can you elaborate the more?

      Reply
      • thanks for reply but my problem is same . let’s have one more issue if you don’t mind . If I am getting nach mandate msg from sbi so , can they have right to deduct money from my account.

        Reply
  94. Hi i had applied for nach mandate for my lic policy… i got a confirmation msg dat my further premium will be deducted from my bank account but my premium hv nt got deducted wht do i do?

    Reply
  95. Hi,

    I took loan from HDFC and now applied for NACH which must be paid by CENTRAL BANK OF INDIA. When NACH form was came to CBI then it got rejected due signatue differ. And CBI charged ?250 +?45 for mandate reject charges.
    Now my query is when mandate is rejected then how bank can charge such amount. And for your information till now 7 or 8 cheques are cleared from CBI aginst EMI payment for this home loan.
    Please suggest.

    Reply
    • Praveen-I am not sure about charges. Check with your bank as it is bank specific.

      Reply
  96. Mandate Registration- UMRN SBIN00000000×××××× for Rs 22,000.00 issued to LIC HOUSING FINANCE received today.In case of any issues pls contact branch.

    My normal deduction amount per month is Rs.15,758/- for loan amount for LIC HFL but i recived above message from sbi.
    Plz, reply me soon what is the meaning of above message.

    Reply
    • Ashish-May be they set a higher limit to avoid future registration. Check with them for the reason.

      Reply
  97. I have denied to sign nach which was a very high amount than actual loan.
    Can the creditor use nach to withdraw money from my account if I have not signed it.
    They are sending me nach e-signed emails as I denied to sign the nach.

    Reply
    • Paras-I am not sure why they are forcing you to sign the NACH more than your loan. Discuss with the bank for the same.

      Reply
  98. I took a person laon for 1 lack but creditor is asking to sign a nach form for 3 lacks
    Please suggest

    Reply
  99. mandate registration: UMRN :sbin000000xxxxx fro Rs 1500 issue to LIC of india received today. in case of nay issues please contact branch.

    i received above message from SBI ,for auto deducting for LIC , but my premium amount is 1141 .00/-. but in messagge its 1500. what is the reason.

    Reply
      • Thank you so much Basavaraj. 🙂

        Reply
  100. The Loan account is in by brother’s name but the EMI debit account is in mine.The first EMI got rejected due to “Payer name mismatch” I contacted the bank that provided the loan and they asked me to submit the ACH mandate form.Can you please let me know if I submit it , will it get rejected again due to Payer Name mismatch ?

    Also,Is the Loan account name permitted to be different from the debiting account name ?

    Reply
    • Abhishek-I am not sure how bank suggesting such things. The money should be payable from the person on whose name the loan is sanctioned.

      Reply
      • Thanks for the info Basavaraj. When I applied for the loan they said that loan can be in my brother’s name but EMI can be deducted from my account.Now because of their error I have to go to their bank every month and pay manually.Is it possible to change the payable account to my brother’s name ? . HDFC is a terrible bank , this is the last time I would be associated with them for anything !

        Reply
        • Abhishek-I am not sure about how they change. But this is the mistake actually.

          Reply
  101. Today rs 59 deducted from my sbi account as ACH charges.. for what i donot know …..but in 11 sept i invest 1000 in a mutual fund by online(through etmoney) …for this money deducted… plz tell sir…or it deducted every month or not

    Reply
    • Alok-As per my knowledge it is one-time charge. But confirm the same with the branch.

      Reply
  102. I am buying 3 SIP’s from ‘Aditya Birla Money My Universe’ online portal which will cost 3000 per month.

    While filling OTM form instead of selecting amount as ‘3000’ and frequency as ‘monthly’, they have selected amount as ‘100000’ and frequency as ‘As and when presented’.

    Just wanted to know is it fine??

    Or is their any issue??

    Reply
    • Nishit-It may be because to use the same registration for your future investment. However, cross check with them for confirmation.

      Reply
  103. I have applied for loan cancellation, but NACH is mandate by bank, can I cancel from my saving account bank.

    Reply
  104. I have a loan with axis bank and i have emi deduction from canara bank but i received msg from axis bank saying that my bank has rejected NACH mandate form kindly let me know what should be done.

    Reply
    • Nidhi-Try to identify the reasons for rejection from Axis Bank. It may be due to signature mismatch or error in filling NACH form. If you are unable to identify the reason, then no option but to submit it once again.

      Reply
  105. my frencise company seeks payment through ECS, But my bank (Indian Overseas Bank) has charged some amount from my current account with a detail written “ECS/NACH transaction charges” for the current transaction. nothing was charged previously for my ECS’s. can you help me what is this for?

    Reply
    • Raj-You have to check with your bank with respect to NACH registration charges.

      Reply
  106. Hi,

    Thanks for explaining. I took a home loan from HDFC housing last month and selected SBI bank account from where the EMI will be deducted. Just got a confirmation that ACH Mandate Registered. And an amount of Rs 59 deducted from my account. Just want to know that will these 59 be deducted on every EMI or is it one time charge only.

    Thanks

    Reply
    • Rohit-No, this will not be deducted every month. It is in my view one-time registration charges levied by your bank.

      Reply
  107. Hi, I have taken a loan amounting Rs. 3 lacs from Citibank and the EMI of Rs.9963 will be debited from my HDFC saving account. I got a sms from HDFC that my ACH mandate has been registered for Rs. 40000 and provided me the UMRN reference number.
    Just wanted to check what is this 40000. I have tried reaching citibank and hdfc they don’t know anything.
    Thanks

    Reply
    • Rics-I am not sure about Citi Bank. But HDFC Bank must have the information. If it is not related to you, then request for immediate cancellation.

      Reply
  108. what is this nach .i have done 7 sips for each sips they deduct RS 115 without any reason. I dont know why they deduct for sign verification charges.

    Reply
    • Sanchin-It is not the issue with NACH, but with your bank. Check with your bank for charges.

      Reply
  109. I invested lump sump amount 150000 rs. in one of Mutual Funds.
    I provided a cheque of the required amount.
    After few days, I see that, 57.50 rs is deducted from my bank account with justification as ‘ACH MANDATE CHARGES CREATE 00057.50 MF Utili’. Is it proper?

    Reply
    • Dhruv-Usually banks charges for this and you have to check this with your bank.

      Reply
  110. Hello
    I just wanted to know whether we can do the NACH Process completely digital without any intervention of wet signature.
    If we can do this in any way just need to know.

    Reply
  111. If I transfer my pension account from one SBi branch to another SBI branch will there be any issue with auto debit
    to various Mutual funds.

    Reply
    • Prabhakar-I think so if they change the account number. Check with bank.

      Reply
  112. December 5, 2016 at 6:53 AM Mahesh-They can provide you UMRN number.
    who will provide umrn number ?????????icai ,,their banker , or nach or my banker ??????????please be specific inyour reply

    Reply
    • Mahesh-The financial institute to whom you submitted the NACH form.

      Reply
  113. [[[ 1 ]]]PLEASE REPLY TO MY MAIL DATED 10TH MARCH 2016 FOR ENROLLMENT BY PHYSICAL FORM OR BY ELECTRONICALLY ALSO CAN BE DONE ????? [[ 2]] WHAT DETAIL ARE GIVEN FOR REGISTRATION OF NACH MANDATE AND BY WHOM IT IS TO BE GIVEN TO CUSTOMER ?????

    Reply
    • Mahesh-Enrollment should always be gone through financial institutes like MF or any other institutes.

      Reply
  114. [[[ 1 ]]]PLEASE REPLY TO MY MAIL DATED 10TH MARCH 2016 FOR ENROLLMENT BY PHYSICAL FORM OR BY ELECTRONICALLY ALSO CAN BE DONE ????? [[2]] AFTER COMPLAINTS TO HIGHER AUTHORITY , MY NACH MANDATE WAS SENT BY ICAI THROUGH THEIR BANK TO MY BANK ON 30TH AUGUST 2016 AND IT WAS REPORTED BY MY BANK AS REGISTERED BUT NO REFERENCE NUMBER PROVIDED INSPITE OF REMINDERS TO BOTH ICAI AND MY BANK.WHO IS SUPPOSED TO PROVIDE THE DETAIL OF NACH REGISTRATION AND WHAT DETAILS OTHER THAN REFERENCE NUMBER SHOULD BE GIVEN TO US FOR RECORD AND FUTURE CHANGE ???????

    Reply
  115. Dear customer your security NACH mandate towards loan .. has been sent for registration to your bank vide UMRN… Request your bank to register the mandate .. what do you mean by this

    Reply
  116. Dear Sir,
    What are the charges for the NACH Mandates, My Bank ( AXIS ) has deducted 130 rs per Mandates of SIPs, also deducted 1000 rs for a common mandates for a Online Purchase services.

    Reply
    • Viralkumar-It depends on your bank. But it must not exceed the charges applicable to services like RTGS and NEFT.

      Reply
    • I faced the same issue. SBI bank has also deducted rs 59 for ACH mandate charges.

      Reply
  117. this was the message i got from bank “security NACH mandate towards loan vide UMRN has been rejected by your bank due to drawers signature mismatch” , after debiting 2 months of my EMI from the bank, just before third month i got this message. Will my EMI debit this month will get affected due to this? the message i got just two days before third month EMI due date. How to resolve it? pls guide me

    Reply
    • Ramasamy-Yes, ECS may not be there for this month. Hence, better to contact bank and resolve the issue. But I surprised how after 2 months processing, suddenly signature mismatch issue arisen.

      Reply
  118. WHAT IS TIME LIMIT FOR CREATION/REGISTRATION OF NACH DEBIT MANDATE FORM ??????
    I HAVE GIVEN NACH DEBIT MANDATE FORM TO I.C.A.I. MUMBAI FOR PAYMENT OF YEARLY ASSOCIATE MEMBERSHIP FEES ON 26 TH JULY 2016 BUT THEY HAVE STILL NOT REPLIED TO MY E MAIL REMINDERS WHETHER SAME IS SENT FOR REGISTRATION ???? .TO WHOM WE HAVE TO COMPLAIN AS EVEN THEIR PUBLIC RELATION OFFICERS ARE NOT REPLYING??????

    Reply
    • Mahesh-It hardly takes less than 15 days. You have to contact to ICAI only.

      Reply
    • # There is no such dispute management system placed in ECS. However, in NACH it is well set and can be resolved issues easily.
      THIS IS AS PER YOUR ARTICLE.
      I HAVE REQUESTED FOR NAME ,ADDRESS AND E MAIL ID OF THE CONCERNED OFFICIALS.
      YOU HAVE STATED THERE IS WELL SET DISPUTE MANAGEMENT AND CAN BE RESOLVED ISSUES EASILY .

      Reply
      • Mahesh-Yes, it is well settled and process implemented. Using the UMRN number, you can direct be in touch with Bank (if they know what it is).

        Reply
  119. NACH is being rejected specially by nationalized banks because of Signature Mistakes.

    Cheque Clearance is Ok but NACH is rejected by the same Bank.

    Something Strange.

    Reply
    • Yogesh-There are huge rejections and its going to be multiplying as the day passing. Let us wait how they resolve it.

      Reply
  120. Hi,

    Please help me as to when Settlement file runs on which all days and which all days it is closed.
    i am making an application in which settlement needs to be done through NACH and RTGS calendar to be followed so wanted to to know what all day Settlement process runs and what all days it does not.

    Reply
  121. Dear Basavaraj

    On 7th you asked me as to why I need the NACH form and immediately I replied that I need it for payment of BSNL bills. But till date there is no news from you. Since it is mandatory from 01.05.2016, I am unable to trace the link in Google. There are many links pertaining to Mutual Funds by various respective AMCs.

    Please help me out as my banker says that you have to bring a hard copy of NACH to proceed further. Trust you will do the needful.

    Thanks

    RK Bhuwalka

    Reply
    • Bhuwalka-Sorry for missing that. Your requirement is paying of BSNL Bill from your bank account right? If so then your bank will provide that. Check with bank.

      Reply
  122. Thanks a lot Basavraj…..for your valuable info In the above NACH form all the details are manadatory or only mobile number, & sign is enough

    Reply
    • Vijay-The mandatory fields are explained in above video. You have to fill all such fields.

      Reply
  123. Dear Basavaraj

    In this article, you have not give link to download NACH application form nor I am able to trace it. Please let me have the link.

    Thanks

    R K Bhuwalka

    Reply
      • I need it to submit to BSNL for monthly payments of telephone bills. Please send the form or the like as per your convenience.

        Thanks.

        RK Bhuwalka

        Reply
  124. Hey, we are currently running a well funded Fin tech start up. There are a couple of questions i’d like to ask. Could you please call me on the number 7338297365.

    Reply
    • Akshay-You can raise your doubts either here or in the Blog Forum.

      Reply
      • I applied for loan but bank did not disbursed the payment. But they registered the NACH with my bank and I got sms as below:
        Dear Customer,Your NACH mandate for INDUSIND BANK CFD has been setup under the Mandate no.××××××× on 3rd Feb 2020…

        What does it means? If I did not got loan money how can they set up? Can I cancel this with the help of my bank?

        Reply
        • Dear Vivek,
          Better to request for cancellation of NACH immediately.

          Reply
  125. Highest number of rejections in NACH are due to signature mismatch. It is not really efficient.

    With UPI coming in . mandate management should become easy and replace inefficient paper based mandate systems

    Reply
    • I took a loan from shubh loans INR 25000 for 12 months after 7 months I got a top up for 1L.20K.
      After deducting 5 months EMI they credited 1L Rs to my account . I have signed a foreclosure form.
      Now they are deducting both the EMI from both the loan amounts for 25000 and 1.20L.
      Kindly suggest plz as shubh loans team is not responding to Phone call and to emails.

      Reply
  126. Hi Basavaraj,

    Enrollment for NACH has be done by filling up the physical form or can be done electronically as well?

    Reply
  127. Very lucid article, Basavaraj but I do have a couple of queries to ask:

    1) What happens to the existing ECS Mandates? Effective 1/5/16, will banks refuse to honor the debit ECS transactions, be it for utility bill payments or Loan EMIs?

    2) Will there be any written intimation given by the banks to their customers who have executed Debit ECS mandates of the proposed change in process? Ideally they should.

    3) Which are the banks which are presently LIVE on NACH and at what intervals is the list updated for incremental banks coming into the fold? Where would this data be available?

    Regards.

    Reply
    • Manoj-1) They will continue as usual. But fresh registration will be stopped.
      2) As I said, existing ECS will continue as usual. Fresh ECS will not be accepted.
      3) I think around 900+ major banks and co-operative banks already LIVE. So you no need to worry.

      Reply
  128. Thanks for the informative article.

    Do we need to convert the existing ECS to NACH or will it be done befault.

    Reply
  129. very pertinent and relevant information kindly disseminNate to all collegEs and schools and b schools aS WELL

    Reply
  130. So for Mobile and Internet Bill will payment will be mandatory through NACH ? I know Telecom and Internet provider charge more when you are on roaming also we have seen Electric bill is false, if they deduct money whatever they claim it will be huge issue for us.

    Reply
    • Abhi-From 1st May, 2016 ECS will go off and NACH be in picture. If you not comfortable with their charges, then better to pay it than opting for NACh (which will be automatic payment).

      Reply
      • Thanks Sir for prompt response. If I can talk about my exp , one should never Opt ECS/NACH for utility bills, For home loan ,personal loan it is okay wherever fix amount is .

        Reply
        • Abhi-It depends on many things and each technology have it’s own positive and negative points.

          Reply
          • Hi sir, this is hemanth.
            Today i have registered amazon pay later and bought some electronic item which is around 8000/- and I got this message below message …Can you please let me know what is this message and why it is 15000/-
            ——–
            NACH mandate registered on acc XXXXXX15XX on 25-AUG-2020 for payment of Rs. 15000 towards ICICI BANK LTD under Ref. No CITI702XXXXXXXXXXX

            Reply
            • Dear Hemanth,
              As per me, Amazon buying in no way related to this mandate. Contact the branch for further details.

              Reply
  131. Thanks Basavaraj first of all ,u have shared with us such info which till not being shared by anyone else !

    Reply

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