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The instruments can require significant documentation and mediation from both parties involved and historically, they have been more of a side-line market in the wider foreign exchange sphere, making them less liquid and less transparent, and also making it far easier to move markets.
The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines. Documents Required to set up e-Mandate Submit a duly filled e-mandate form, which you can get from the service provider or merchant you want to pay through e-Mandate. That’s it!
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