{"id":3014,"date":"2026-02-05T17:55:59","date_gmt":"2026-02-05T12:25:59","guid":{"rendered":"https:\/\/rzpwp.blog\/?p=3014"},"modified":"2026-02-07T16:18:46","modified_gmt":"2026-02-07T10:48:46","slug":"what-is-emandate","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/what-is-emandate\/","title":{"rendered":"What is e-Mandate? Meaning, Registration and How Does It Work?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e4d47eabd2c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e4d47eabd2c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#What_is_e-Mandate\" >What is e-Mandate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#Key_takeaways\" >Key takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#How_Does_e-Mandate_Work_in_Banking\" >How Does e-Mandate Work in Banking?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#Types_of_e-Mandates\" >Types of e-Mandates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#Eligibility_Criteria_for_e-Mandate_Registration\" >Eligibility Criteria for e-Mandate Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#Documents_Required_to_set_up_e-Mandate\" >Documents Required to set up e-Mandate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#Use_Cases_of_e-Mandate\" >Use Cases of e-Mandate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#Features_and_Benefits_of_Razorpay_e-Mandate\" >Features and Benefits of Razorpay e-Mandate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#Which_Industries_have_Adopted_e-Mandate\" >Which Industries have Adopted e-Mandate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#How_to_Register_for_Razorpay_eMandate\" >How to Register for Razorpay eMandate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/razorpay.com\/blog\/what-is-emandate\/#Frequently_Asked_Questions_FAQs\" >Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_e-Mandate\"><\/span><strong>What is e-Mandate<\/strong><strong>?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An e-mandate is a secure digital instruction given by a customer to their bank that allows businesses to automatically collect recurring payments such as EMIs, subscriptions, or utility bills. It is regulated by RBI and NPCI and is authorised electronically using methods like debit cards, net banking, or Aadhaar, removing the need for manual payment approvals<\/p>\n<div style=\"border-left: 4px solid #0073aa; background: #f0f8ff; padding: 15px; margin: 20px 0; border-radius: 5px;\">\n<h2 style=\"color: #0073aa; font-size: 18px; margin: 0 0 8px 0; display: inline-block;\"><span class=\"ez-toc-section\" id=\"Key_takeaways\"><\/span>Key takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"display: inline-block; margin: 0 0 0 10px; padding-left: 18px; vertical-align: top;\">\n<li>The financial institution you want to pay through e-Mandate must be registered with the <a href=\"https:\/\/razorpay.com\/learn\/national-payments-corporation-of-india-services\/\">National Payments Corporation of India<\/a> (NPCI) to offer NACH services.<\/li>\n<li>The e-Mandate transaction limit is \u20b91,00,000 per transaction for mutual fund subscriptions, insurance premium payments, and credit card bill payments.<\/li>\n<li>e-Mandates are supported across multiple instruments including debit and credit cards, prepaid payment instruments, and UPI.<\/li>\n<li>The RBI mandates additional safeguards such as pre- and post-debit notifications and an opt-out facility to enhance user control and transparency.<\/li>\n<\/ul>\n<\/div>\n<p>E-mandate provides convenience for customers by eliminating the need to remember each payment, helping them avoid late fees and ensuring uninterrupted service.<\/p>\n<h2 dir=\"ltr\" data-line-height-align=\"1.38\" data-pm-slice=\"1 3 []\"><span class=\"ez-toc-section\" id=\"How_Does_e-Mandate_Work_in_Banking\"><\/span>How Does e-Mandate Work in Banking?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Electronic Mandate (eMandate) works as a standing instruction that allows banks to automatically debit the specified amount as recurring payments from your bank account.<\/p>\n<p><strong>Here\u2019s the step-by-step process of how e-mandate works for businesses and individuals:<\/strong><\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">STEP 1: Customer Consent for Recurring Payments<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">The customer gives the recipient\/payee permission to start automatically deduct specified money form their bank account as a recurring payments, this permission can be done through various methods, such as filling out forms, websites, or upi mobile apps like (Phonepe, BHIM, Google Pay, Paytm and more). The payer can choose the due payment amount, frequency, and duration.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">STEP 2: e-Mandate Authentication<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">The customer verifies and authenticates the e-mandate using one of the options available, such as net banking credentials or debit card details. This ensures that the payer is the owner of the bank account and agrees to the terms and conditions of the e-mandate.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">STEP 3: NPCI Validation<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">The National Payments Corporation of India (NPCI) acts as an intermediary in the e-Mandate process and validates the payer\u2019s details and the payee\u2019s request. NPCI is a non-profit organisation that facilitates digital payments and settlements in India.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">STEP 4: Recurring Payment Instruction<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">The customer&#8217;s bank sets up a recurring payment instruction, enabling the payee to deduct payments automatically on due dates. The payer receives a confirmation message and can view the status of the e-mandate on their bank\u2019s portal or app.<\/p>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">The payer can cancel the e-Mandate anytime by contacting their bank or the payee. The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines.<\/p>\n<p><em><b>Related Read: <\/b><a href=\"https:\/\/razorpay.com\/blog\/how-to-cancel-e-mandate\/\"><b>How to Cancel an e-Mandate?<\/b><\/a><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_e-Mandates\"><\/span><b>Types of e-Mandates<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">e-Mandates vary depending on the <\/span><b>payment method<\/b><span style=\"font-weight: 400;\"> used for authorising recurring transactions. Two common types include:<\/span><\/p>\n<ol>\n<li>\n<h3><b> Debit Card e-Mandate<\/b><b><br \/>\n<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"> A debit card e-Mandate lets you link your debit card to a merchant or service provider and authorise them to debit a <\/span><b>fixed or variable<\/b><span style=\"font-weight: 400;\"> amount automatically on scheduled dates. For recurring payments such as subscriptions or utility payments, this mandate simplifies collection without repeated manual authorisation.<\/span><\/li>\n<li>\n<h3><b> Credit Card e-Mandate<\/b><b><br \/>\n<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"> A credit card e-Mandate allows a merchant to charge your credit card automatically at regular intervals for services like subscriptions, insurance premiums, or other recurring bills. Once authorised, the card issuer handles all future charges within predetermined limits without requiring additional approvals.\u00a0<\/span><\/li>\n<\/ol>\n<h2 dir=\"ltr\" data-line-height-align=\"1.38\" data-pm-slice=\"1 3 []\"><span class=\"ez-toc-section\" id=\"Eligibility_Criteria_for_e-Mandate_Registration\"><\/span>Eligibility Criteria for e-Mandate Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To use e-mandates, you must meet the following criteria:<\/p>\n<h3><strong>1. Bank Account<\/strong><\/h3>\n<p>You must have a bank account with a bank that is a member of the National Automated Clearing House (NACH) system.<\/p>\n<h3>2. Aadhaar Card<\/h3>\n<p>You must possess a valid Aadhaar card.<\/p>\n<h3>3. Mobile Number<\/h3>\n<p>Your mobile number must be linked to your Aadhaar card.<\/p>\n<p><em><strong>Related Read:<\/strong><\/em> <a href=\"https:\/\/razorpay.com\/learn\/how-to-link-aadhaar-to-pan\/\">How to Link Aadhaar and PAN Card Online?<\/a><\/p>\n<h2 dir=\"ltr\" data-line-height-align=\"1.38\"><span class=\"ez-toc-section\" id=\"Documents_Required_to_set_up_e-Mandate\"><\/span>Documents Required to set up e-Mandate<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol dir=\"ltr\">\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">Submit a duly filled e-mandate form, which you can get from the service provider or merchant you want to pay through e-Mandate. The form will have details such as your name, <a href=\"https:\/\/razorpay.com\/learn\/bank-account-number\/\">bank account number<\/a>, Aadhaar number, mobile number, frequency of payment, amount of payment, and validity period of the e-Mandate.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">A copy of your Aadhaar card, which will be used to authenticate your identity and consent through biometric or OTP verification.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">A bank account statement or passbook copy.<\/p>\n<\/li>\n<\/ol>\n<h2 dir=\"ltr\" data-pm-slice=\"1 1 []\"><span class=\"ez-toc-section\" id=\"Use_Cases_of_e-Mandate\"><\/span>Use Cases of e-Mandate<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"zMgcWd dSKvsb\" data-il=\"\">\n<div class=\"GmFi7 PZPZlf\" data-crb-p=\"\" data-attrid=\"SGEEntityListItem\" data-entityname=\"Recurring payments\">\n<div class=\"xFTqob\">\n<h3 class=\"Gur8Ad\">1. Recurring payments<\/h3>\n<div class=\"vM0jzc\" aria-hidden=\"false\" data-ved=\"2ahUKEwjHzIyy5oOHAxU9cmwGHb2RBXAQrfULegQIHBAC\">Cardholders can set up e-mandates for recurring transactions with merchants like telecom service providers, OTT platforms, insurance partners, and utility service providers.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"zMgcWd dSKvsb\" data-il=\"\">\n<div class=\"GmFi7 PZPZlf\" data-crb-p=\"\" data-attrid=\"SGEEntityListItem\" data-entityname=\"SIPs and lump-sum purchases\">\n<div class=\"xFTqob\">\n<div aria-hidden=\"false\" data-ved=\"2ahUKEwjHzIyy5oOHAxU9cmwGHb2RBXAQrfULegQIIBAC\"><\/div>\n<div class=\"vM0jzc\" aria-hidden=\"false\" data-ved=\"2ahUKEwjHzIyy5oOHAxU9cmwGHb2RBXAQrfULegQIIBAC\"><span style=\"color: #111111; font-family: Roboto, Arial, sans-serif; font-size: 1.368em; font-weight: bold;\">2. Business payments<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"zMgcWd dSKvsb\" data-il=\"\">\n<div class=\"GmFi7 PZPZlf\" data-crb-p=\"\" data-attrid=\"SGEEntityListItem\" data-entityname=\"Business payments\">\n<div class=\"xFTqob\">\n<div><\/div>\n<div class=\"vM0jzc\" aria-hidden=\"false\" data-ved=\"2ahUKEwjHzIyy5oOHAxU9cmwGHb2RBXAQrfULegQIIhAC\">Business owners can use e-mandates to automatically debit customers&#8217; accounts for payments, which can reduce friction and ensure timely payments.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"GmFi7 PZPZlf\" data-crb-p=\"\" data-attrid=\"SGEEntityListItem\" data-entityname=\"SIPs and lump-sum purchases\">\n<div class=\"xFTqob\">\n<h3 class=\"Gur8Ad\">3. SIPs and lump-sum purchases<\/h3>\n<div class=\"vM0jzc\" aria-hidden=\"false\" data-ved=\"2ahUKEwjHzIyy5oOHAxU9cmwGHb2RBXAQrfULegQIIBAC\">\n<p>E-mandates can be used for multiple SIPs and lump-sum purchases, and offer benefits like same-day NAV for SIP installments and T+1 working day NAV for lump-sum purchases.<span class=\"UV3uM\">\u00a0<\/span><\/p>\n<div class=\"NPrrbc\" data-cid=\"_3o6BZsflIL3kseMPvaOWgAc_48\">\n<div class=\"BMebGe btku5b k0Jjg fCrZyc LwdV0e FR7ZSc OJeuxf PrjL8c VQSoxc\" tabindex=\"0\" role=\"button\" aria-label=\"Collapse\" data-hveid=\"CCMQAQ\" data-ved=\"2ahUKEwjHzIyy5oOHAxU9cmwGHb2RBXAQ3fYKegQIIxAB\">\n<div class=\"kHtcsd DopHqc\">\n<h3>4. Bill payments<\/h3>\n<p>Set up automatic payments for utility bills like electricity, gas, and water<\/p>\n<h3>5. Loan repayments<\/h3>\n<p>Enable equated monthly installment (EMI) payments towards loan repayment<\/p>\n<h3>6. Subscription services<\/h3>\n<p>Enable monthly payments for streaming channels and other subscription services<\/p>\n<h3>7. Mutual fund investments<\/h3>\n<p>Automate investments for those who have opted for SIPs<\/p>\n<h3>8. Insurance premiums<\/h3>\n<p>Set up automatic payments for insurance premiums<\/p>\n<h3>9. Booking tickets<\/h3>\n<p>Set up automatic payments for Airline, train or bus ticket booking.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 dir=\"ltr\" data-pm-slice=\"1 1 []\"><span class=\"ez-toc-section\" id=\"Features_and_Benefits_of_Razorpay_e-Mandate\"><\/span>Features and Benefits of Razorpay e-Mandate<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Since its introduction, eMandate has come a long way, has added more than 30 banks, and introduced real-time authorization confirmation, which has helped more industries adopt the recurring <a href=\"https:\/\/razorpay.com\/learn\/what-is-a-business-model\/\">business model<\/a>. <\/span><\/p>\n<p><strong>Listed below are some of the major advantages of eMandates:<\/strong><\/p>\n<h3><b>1. Increase Customer Retention<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">One-time digital authentication allows you to auto-debit your customer&#8217;s bank account helping your customer enjoy uninterrupted service&#8211;in the longer run building customer loyalty and customer retention. No constant payment reminders to your customers<\/span><\/p>\n<h3><b>2. Reduces Friction in Payments<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">eMandate allows a business to <a href=\"https:\/\/razorpay.com\/learn\/what-is-auto-debit\/\">auto-debit<\/a> a recurring payment, thereby reducing the friction of a customer logging on to the website\/app to make a payment. This assures the business of continuous cash flow that it can rely upon<\/span><\/p>\n<h3><b>3. Reduces Administrative Costs<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">As the amount is auto-debited, the business teams do not have to chase the customer to make the payment. This cuts down the operational effort,\u00a0 invoicing effort and cost to the company<\/span><\/p>\n<h3><b>4. Auto-Reconciliation<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Most of the details are tracked and captured online, hence reducing the time, effort and money involved in buying and maintaining multiple tools<\/span><\/p>\n<h3><b>5. Simple and Seamless Process<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The entire process is simple and just needs an active bank account and card details. One time enrollment for a lifetime of hassle-free service<\/span><\/p>\n<h3><b>6. Flexibility in Plan<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">With eMandate, the ability to debit a customer in the hands of businesses. This allows them to change the <a href=\"https:\/\/razorpay.com\/blog\/what-is-billing-cycle\/\">payment cycle<\/a> or skip a cycle if need be. This adds to good user experience<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3017 aligncenter\" src=\"http:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistcs.png\" alt=\"emandate and subscriptions in India\" width=\"740\" height=\"1653\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistcs.png 2400w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistcs-134x300.png 134w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistcs-458x1024.png 458w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistcs-768x1716.png 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistcs-687x1536.png 687w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistcs-916x2048.png 916w\" sizes=\"auto, (max-width: 740px) 100vw, 740px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Which_Industries_have_Adopted_e-Mandate\"><\/span><strong>Which Industries have Adopted e-Mandate?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\" data-line-height-align=\"1.56\" data-pm-slice=\"1 1 []\">eMandate has steadily grown popular and has been adopted by multiple industries. Each industry has its challenges and uniquely uses eMandate. Let\u2019s look at the industries that have benefited the most from eMandate.<\/p>\n<h3><strong>1. Lending industry<\/strong><\/h3>\n<ul>\n<li><span style=\"font-weight: 400;\">Lending businesses have seen a drastic change in the way they operate. For the lenders, one of the benefits is the ease in the collection of loan repayment. They no longer have to go running behind an individual. <\/span><\/li>\n<li><span style=\"font-weight: 400;\">The auto-debit feature of eMandate helps them deduct the said amount on a particular day each month. <\/span><\/li>\n<li><span style=\"font-weight: 400;\">The customer on the other end does not have to go through multiple visits at the bank. <\/span><\/li>\n<li><span style=\"font-weight: 400;\">The overall turn around time is also much lesser compared to the traditional method. <\/span><\/li>\n<li><span style=\"font-weight: 400;\">Recurring payment model and eMandate in the said scenario have helped in reducing the operating costs to a large extent.\u00a0<\/span><\/li>\n<\/ul>\n<h3><strong>2. Wealth management platforms\u00a0<\/strong><\/h3>\n<ul>\n<li><span style=\"font-weight: 400;\">In recent times, platforms like Wealthy, Groww, PaisaBazaar have emerged, which have made it easy for an individual to manage their portfolio, meet their financial goals, have a retirement plan in place and a lot more. <\/span><\/li>\n<li><span style=\"font-weight: 400;\">Usually, these platforms offer you to consult with a dedicated counsellor or to create a plan by yourself. The risk appetite of customers has also gone up, and they are willing to invest in instruments such as mutual funds, equities, ULIPs and more.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Once a customer has decided on the instruments they want to invest in and the amount they wish to invest, businesses ask for an authorization for recurring debits. This authorization can be given digitally, authorizing your bank account via netbanking credentials or debit card details.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">That&#8217;s it! With a few simple steps, you are all set to make wise choices with your finances. The best part is, neither of the parties has to manually visit a brick and mortar building. Mandates make sure a hassle-free experience for an investor and an ongoing business, without disruptions for the business.\u00a0<\/span><\/li>\n<\/ul>\n<h3><strong>3. Life insurance<\/strong><\/h3>\n<ul>\n<li><span style=\"font-weight: 400;\">Individuals have always made it a point to invest in life insurance policies so that they can make use of them in case there comes in some unseen disaster. <\/span><\/li>\n<li><span style=\"font-weight: 400;\">Earlier either an individual was asked to pay the entire amount in one go or had to make sure they did not miss out on a single instalment. <\/span><\/li>\n<li><span style=\"font-weight: 400;\">With the advent of eMandates, these life insurance providers have been able to ease the process. They can now sell a plan to the customer online. And the moment the customer signs up for a plan, they can set a particular date and an amount which will auto-debit without any manual intervention from the individual&#8217;s end. <\/span><\/li>\n<li><span style=\"font-weight: 400;\">Hence, in the long run, easing the way life insurance companies used to operate so far.\u00a0<\/span><\/li>\n<\/ul>\n<h3><strong>4. Sponsorship programs By NGOs\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">We are living at a time where people have understood the value of CSR activities. A lot of people have started coming forward to help those in need. Some of the activities in which people are engaged to include sponsoring education for kids, taking care of the grocery needs of a household, bearing expenses of a pet in an NGO and a lot more.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, with so much to do, there are chances that an individual misses out making the donation for a month. Many NGOs have started using eMandates to ease the entire donation flow so that they can do the needful at the right time without reminding the payee several times.\u00a0<\/span><\/p>\n<ol dir=\"ltr\" data-pm-slice=\"3 3 []\">\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.56\">The customer raises a request for a recurring mandate<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.56\">The business sends an authorization request on its portal or via a link<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.56\">The customer gives the authorization via netbanking credentials or debit card details.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.56\">Details are sent to the sponsor bank and forwarded to NPCI<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.56\">NPCI sends the requests to the issuing bank<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.56\">The issuing bank either accepts the authorisation request.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.56\">The issuing bank shares its status with NPCI, which, in turn, shares its status with the sponsor bank. This status is then shared with Razorpay who in turn informs the business. All this in real time!<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.56\">Razorpay activates the mandate.<\/p>\n<\/li>\n<\/ol>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3018 aligncenter\" src=\"http:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistice.png\" alt=\"subscriptions and emandate statistics\" width=\"752\" height=\"2187\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistice.png 2400w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistice-103x300.png 103w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistice-352x1024.png 352w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistice-768x2234.png 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistice-528x1536.png 528w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2020\/05\/Razorpay-emandate-statistice-704x2048.png 704w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/p>\n<h2 dir=\"ltr\" data-line-height-align=\"1.38\" data-pm-slice=\"1 1 []\"><span class=\"ez-toc-section\" id=\"How_to_Register_for_Razorpay_eMandate\"><\/span>How to Register for Razorpay eMandate?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">API Integration of <a href=\"https:\/\/razorpay.com\/subscriptions\/\" target=\"_blank\" rel=\"noopener noreferrer\">Razorpay Subscriptions<\/a> is simple and easy. What\u2019s more? There is a single integration needed to go live on all modes of recurring payments &#8211; cards, eMandate, PaperNACH and the upcoming UPI Recurring mandates.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if you wish to use Subscriptions on any of these modes without any integration, you can easily use the <a href=\"https:\/\/dashboard.razorpay.com\/signin\">Razorpay dashboard<\/a> to send out subscription links.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">eMandates are a step forward in the world of <a href=\"https:\/\/razorpay.com\/learn\/digital-payments-india-definition-methods-importance\/\">digital payments<\/a>. Many business verticals have been able to adopt this business model and have seen significant improvement in metrics like customer retention, cash flow management and a steady decline in delinquency. <\/span>What are you waiting for? Sign up with <a href=\"https:\/\/razorpay.com\/e-mandate\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-factors-click-bind=\"false\">Razorpay eMandate<\/a> and plan your business growth now!<\/p>\n<p><strong>Related Read: <a href=\"https:\/\/razorpay.com\/learn\/what-is-ad-hoc-payment\/\"><em>What Is an Ad Hoc Payment and When Should You Use It?<\/em><\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">1. What happens to e-mandates with low bank account balances?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">If your bank account balance is low at the time of the e-Mandate transaction, the transaction will be declined by your bank. You will receive a notification from your bank or the merchant about the failed transaction. Depending on their terms and conditions, you may have to pay a penalty or a late fee to the merchant.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">2. How can I verify my e-mandate status?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">You can verify your e-mandate status by logging into your bank\u2019s website or mobile app and checking the list of active e-mandates under the payments section. You can also contact your bank\u2019s customer care or visit the nearest branch to get the details of your e-mandates.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">3. What\u2019s the typical duration of the e-mandate process?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">The typical duration of the e-mandate process varies depending on the mode of authentication and the bank involved. Generally, it takes between 2 and 7 working days for the e-Mandate to be registered and activated by the bank after you complete the authentication process.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">4. What different subscriptions can merchants offer through e-Mandate?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">Merchants can offer different types of subscriptions through e-Mandate, such as fixed amount, variable amount, one-time, recurring, or ad-hoc. You can choose the subscription that suits your needs and preferences. You can also modify or cancel your e-Mandate at any time before the next transaction date.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">5. What\u2019s the minimum amount for an e-Mandate?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">The minimum amount for an e-mandate depends on the merchant and the bank. Some merchants may have a lower limit for e-Mandate transactions, while some banks may have a minimum balance requirement for e-Mandate accounts.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">6. What\u2019s the maximum amount for an e-Mandate?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">The maximum amount for an e-Mandate is Rs 1,00,000 per transaction per the RBI guidelines. However, this limit applies only to specific categories of transactions, such as subscriptions to mutual funds, payment of insurance premiums, and credit card bill payments. For other categories, the limit remains Rs 15,000 per transaction. You should also check with the merchant and the bank for additional limits or charges for e-mandate transactions.<\/p>\n<h3><b>7. Is an E-mandate safe?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, an e-mandate is generally safe. It uses secure platforms authorised by the RBI, and your bank or payment service provider will always ask for your consent through OTP or net banking login. The process is encrypted, and your bank details are not shared without your approval. Just make sure to set up e-mandates only through trusted apps or websites to avoid fraud.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>eMandate is a digital payment service initiated by RBI and the National Payments Corporation of India (NPCI). Read this article to know how it works with Razorpay.<\/p>\n","protected":false},"author":38,"featured_media":16453,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[799,119],"class_list":{"0":"post-3014","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-payments","8":"tag-e-mandate","9":"tag-emandate"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/3014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=3014"}],"version-history":[{"count":32,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/3014\/revisions"}],"predecessor-version":[{"id":25815,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/3014\/revisions\/25815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/16453"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=3014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=3014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=3014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}