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e-Mandate

e-NACH & e-Mandate are new payment services that allow anyone with a bank account to easily automate recurring payments. Handle all recurring payments like telephone bills, insurance premiums, utility bills, SIPs, school fees etc.

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e-Mandate

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  1. What is e-NACH & e-Mandate?

  2. Understand the e-NACH & e-Mandate? • E-NACH and e-Mandate are easier ways for merchants and their buyers to handle all recurring payments like telephone bills, insurance premiums, utility bills, SIPs, school fees etc. • For instance, if you are signing up for an insurance plan through an e-Mandate, you can schedule all your premium payments through a simple online process at the start of the insurance period, instead of manually keeping track and making individual premium payments. No more pesky reminders or late fees!

  3. Difference Between e-NACH & e-Mandate? • They are two different services, both delivering the same result i.e. enabling automated recurring payments. e-NACH is governed by NPCI & covers over 40+ banks while e-Mandates are controlled by individual banks and is currently available across 4-5 banks.

  4. more about Razorpay Subscriptions… Razorpay Subscriptions allows your business to handle all subscription needs like setting up flexible payment schedules, support for multiple billing models and many other value added services.RazorpaySubscriptionsLearn More.

  5. Thank You!

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