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A mandate is a standard instruction that you provide to your issuing bank and other institutions allowing them to automatically debit the mentioned amount from your bank account. The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines.
e-Mandate Key Takeaways The financialinstitution you want to pay through e-Mandate must be registered with the National Payments Corporation of India (NPCI) to offer NACH services. The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines.
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