NACH: Streamlining Electronic Payments
Simplifying high-volume transactions for Businesses and Individuals
NACH for Individuals
As a Destination Bank, we provide you with account services with which you would be able to validate mandates executed by you within the TAT specified by NPCI and also help you in setting up mandates.
Prerequisite for Individuals
Customers need to fill the mandate form mentioning the accounts details, amount, frequency of transactions and the timeline and submit it to the entity to whom they wish to make the payment, for a smooth processing and set up through their bank.
Benefits to the Customer
Pay your bills / instalments / premium automatically.
No charges for late payments.
Timely receipt of salary / dividends / interests.
Less dependency on paper-based transactions.
Faster processing time and less manual intervention.
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