E-NACH Net Banking/Debit Card

E-NACH
Net banking/Debit Card
E-Mandates registration using Net banking/Debit Card

E-NACH facilitates electronic issuance and confirmation of mandate by the customer using netbanking
Creation of an authenticated Shorter mandate Secured and Significant reduction in paper
mandate by the customer acceptance assured mandate handling costs, improved
himself, electronically cycle acceptance efficiency and convenience
E-NACH
Process Flow
E-NACH
Mandate TAT & Specifications

TAT for Sponsor bank to accept the mandate TAT for Destination bank

Destination bank to upload registered mandates on same

Mandates to be accepted within TAT of 2 working days
day
IMT team Ops team

Mandate Amount capping

The cap on the e-Mandate amount is Rs. 1 lakh per

mandate. This will be reviewed after one year by NPCI
 E-NACH
With Quickcheck
QuickCheck is a cloud based solution that validates data inconsistency / errors in the data sent for NACH / Related Products
mandate registration like IFSC/MICR validity, NACH / Related Products participating Banks, Start/End dates, Frequency,
validation of mandatory fields, account number etc.

Benefits

Reduction in costs by catching data inconsistencies beforehand and avoid re-processing of mandates

Save time by minimizing the inefficiency of paper checks and reduction in handling time

Guaranteed satisfaction in processing mandate registrations on time to enhance customer experience

E-NACH
With Quickcheck
Data validation and Account Validation in real time on status of the account- active, frozen, closed or invalid account number

Customized MIS taken out from the application with filters in excel format

Form printing and emailing for PDF version of validated forms

Form scanning based on sponsor bank code, utility code, IFSC/MICR, account details, etc.
E-NACH
With Quickcheck
E-NACH
With Quickcheck
E-NACH
With Quickcheck
 E-NACH
With QuickCheck
Models Available
• Branch Model: For Hub & Spoke model of the corporates
Example: NBFCs
• Quickcheck Portal with login access
• API- Complete API and redirectional APIs
• FOS Model- Sales force of the corporates
Example: Insurance
• Quickcheck Portal/APIs for branch users
• Quickcheck mobile application for sales representatives
• Corporate Website & Application used by end user (Customers
of the corporate)
Example: Mutual Funds, Brokerage Firms
• APIs for integration with corporate website and mobile
application
Options Available
e-NACH can be offered on standalone basis or part of our
comprehensive Quick Check solution:
Option A: Only Physical mandate without validation
Option B: Only Physical mandate with validation
Option C: Physical mandate & E-Mandate without validation
Option D: Physical mandate & E-Mandate with validation
Option E: Only E-Mandate without validation
Option F: Only E-Mandate with validation
Target Segments
• BFIG- NBFCs, Insurance, Mutual Funds, Brokerage Firms
• Business with Subscription models
• Fintechs
• Large corporates with Distribution network
Annexures

11
 E-NACH
Screenshots & Flow
Step 1: Creation of mandates on the corporate’s website
E-NACH
Screenshots & Flow
Step 2: Selection of bank details and mode of authorization on NPCI Online Mandate Gateway Service
E-NACH
Screenshots & Flow
Step 3: Login through Netbanking page for authenticating the mandate
E-NACH
Screenshots & Flow
Or Step 3: Login through Debit Card for authenticating the mandate
E-NACH
Screenshots & Flow
Step 4: Confirmation of mandates on the net banking page
E-NACH
Screenshots & Flow
Step 5: Confirmation of mandate by the end customer
E-NACH
Screenshots & Flow
Step 6: Confirmation of mandate on NPCI Online Mandate Gateway page
E-NACH
Screenshots & Flow
Step 7: Redirection to corporate’s portal where confirmation is shown to the end customer