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FREQUENTLY ASKED QUESTIONS REGARDING NACH/E-MANDATE/ECS?

Find answers to mostly asked queries about NACH/E-MANDATE/ECS service.

  • What is the use of e-mandate?

    e-Mandate is used to pay recurring payments directly from your bank account to the recipient’s, saving you from the hassle of paying manually each time.

  • Is mandate registration safe?

    Yes, mandate registration is completely safe with advanced security measures like two-factor authentication, encryption, etc..

  • How do I know if my bank is eligible for E-Mandate or E-NACH?

    Please visit National Payments Corporation of India (NPCI) wesbite to check whether your bank is registered for e-Mandate process.

  • How many banks can I use for mandate registration?

    For a single loan, you need to set up the mandate with one bank only. You can register a single mandate for multiple EMIs. However, keep in mind that you must maintain sufficient funds in that account to cater to all your EMIs. Also, you can swap/change mandates anytime.

  • How will I know if my registration was successful?

    Once your e-mandate is registered successfully, you'll get an SMS as well as an email notification with the mandate details.

  • What is the fee charged to the Borrower?

    NIL. E-Mandate facility is provided Free of Cost to the Borrower.

  • What are the steps to set up an E-Mandate?

    You can set up an E-Mandate online when applying for a loan. You can authorize the E-Mandate using your net banking and/or debit card details, and through an OTP sent to your registered mobile number. However, the availability of these options depends on your bank.

  • Customer support related information

    Please share all the query to the undernoted email ID
    info@uni-comfincorp.in

Cancel NACH/E-MANDATE/ECS Request

Please fill this form to request for the cancellation of NACH mandate linked to your bank account.We will process your request at the earliest.