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.
