All New and Efficient Paper NACH Process

Step 1: Send Form Links

Pre-filled NACH forms can be shared via links

Step 2: Upload Form

Customers can sign and upload the NACH form

Step 3: Identify Errors

OCR engine can identify multiple errors in the form

Step 4: Track Mandates

Track mandates in real-time after successful upload

Reduced Processing Time and Real Time Updates

Reduce Time

From 15 to 30 days of processing time on an average, now complete the entire physical NACH process in just 5-10 Days

Streamline Process

With real-time updates and tracking of mandates, reduce dependency on multiple stakeholders

Allow Customer Submission

Share pre-filled forms links with customers via SMS or email and allow customers to submit the form

paper-nach-process

Razorpay OCR - Confidential,
Real-Time, Dynamic Text Recognition

data
Data Matching

Ability to cross-check image with content as available and expected from an existing data source

Data Matching
detect
Detect Customer Signature

Ability to automatically identify the presence of the customer’s signature in the right space on the NACH form

Detect Customer Signature
error
Multiple Error Recognition

Ability to identify various errors, not just signature mismatch, so that they can be rectified before submission to improve success rates

Multiple Error Recognition

Experience Razorpay Paper NACH Today

Powerful Dashboard

Create or close mandates, Real-time updates and status tracking, Customizable reports and powerful analytics

API Driven Process

Create mandates, upload forms, request debits and get responses on the same day via powerful and developer-friendly APIs

Higher Customer Retention

Our automated process with real-time updates allows you to retain customers who may drop-off in the process of submitting forms

Frequently Asked Questions

FAQ's

How can I create physical mandates?
How can I create physical mandates?

You can generate and submit physical mandates using your dashboard, bulk uploads or using APIs.

Can we use both physical mandates and eMandates?
Can we use both physical mandates and eMandates?

Yes, you can use both modes as per your customer’s convenience.

How much time does take to get a successful mandate registration?
How much time does take to get a successful mandate registration?

From the time your customer or you successfully upload the form, it should take 5-10 days to get the mandate successfully registered.

Is there a limit on the debit amount in physical NACH?
Is there a limit on the debit amount in physical NACH?

The maximum amount for any one transaction with physical mandates is Rs 1 crore. There is no limit on the number of transactions

How has OCR technology helped improve success rates?
How has OCR technology helped improve success rates?

Mandates are rejected due to multiple reasons around incorrect information, incorrect dimensions of form, overwriting, signature mismatch and more. Our OCR engine helps identify these errors and flag them before the form is submitted.

Who can use physical NACH form?
Who can use physical NACH form?

Typically customers of Insurance Providers, Asset Management Companies, Utility Payment Companies, and others request for physical mandate process. This could be because the recurring debit amount is larger than Rs 1 lakh or the customer does not hold cards or does not have net banking facility.

How can I create physical mandates?

You can generate and submit physical mandates using your dashboard, bulk uploads or using APIs.

Can we use both physical mandates and eMandates?

Yes, you can use both modes as per your customer’s convenience.

How much time does take to get a successful mandate registration?

From the time your customer or you successfully upload the form, it should take 5-10 days to get the mandate successfully registered.

Is there a limit on the debit amount in physical NACH?

The maximum amount for any one transaction with physical mandates is Rs 1 crore. There is no limit on the number of transactions

How has OCR technology helped improve success rates?

Mandates are rejected due to multiple reasons around incorrect information, incorrect dimensions of form, overwriting, signature mismatch and more. Our OCR engine helps identify these errors and flag them before the form is submitted.

Who can use physical NACH form?

Typically customers of Insurance Providers, Asset Management Companies, Utility Payment Companies, and others request for physical mandate process. This could be because the recurring debit amount is larger than Rs 1 lakh or the customer does not hold cards or does not have net banking facility.

Start Doing More with Razorpay Paper NACH

Slash operating costs significantly and reduce the processing time by up to 60%

  • Quick Onboarding
  • Retry Failed Mandates
  • Unlimited Mandate Requests
  • 24x7 Support