With eNACH, you can initiate direct debits from your Customer's Bank account within 2 working days. Forget the long process of filling in physical forms, manually collecting signatures and signature mismatches.
Simply invite the customer to authorise the eNACH form using eSign or their Netbanking credentials. The mandate will then be processed by the National Payments Corporation of India (NPCI). The mandate is then sent to the Customer’s Bank where it is either approved or denied. Some advantages of the eMandate include
With the eMandate, recurring payments can be automated within 2 working days. The physical mandate would take at least around 1 week for the same (provided there’s no signature mismatch).
Your customers will only need to authorise and link the mandate to their bank account using eSign or through their Netbanking login. There is no need to make multiple signatures on numerous forms.
Eliminate frauds with eSign that are impenetrably secure and cannot be forged. eNACH is a program by the RBI and is administered by the NPCI.
Once the eMandate is authorised, the National Automated Clearing House (NACH) automates the recurring debit transfers from the Customer’s bank account.
Help your customers make recurring payments quickly with SignDesk’s eMandate workflow management. Now you can authorise eNACH using eSign and through your Netbanking login.