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ARTICLE · 22 APRIL 2025

eNACH E-mandate For Recurring Payments – What Is It & How It Works

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An e-mandate is an electronic version of a mandate, which is a standing instruction (SI) given to a bank or NBFC to periodically debit a fixed amount from the account of the customer authorizing the mandate.

GlobalFinance and Banking
Melento
Melento
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What is an e-mandate?

An e-mandate is an electronic version of a mandate, which is a standing instruction (SI) given to a bank or NBFC to periodically debit a fixed amount from the account of the customer authorizing the mandate.

e-mandatesare useful tools to enable recurring payments and one time payments alike, and are used for a variety of reasons. Recurring payments for OTT subscriptions, utility bills, loan EMIs, insurance premiums, mutual fund investments, and subscriptions to gaming platforms all involve e-mandates in some form.

Typically, mandates are issued via documents. These are called physical mandates and they're created when a mandate form is filled and submitted by a client to NPCI. The mandate information in the form is then verified by the bank where the customer holds their account, commonly called the destination bank. The mandate is then verified in 15-20 days and the recurring debits can begin. A Unique Mandate Registration Number or UMRN

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