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The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines. The payer receives a confirmation message and can view the status of the e-mandate on their bank’s portal or app. The payer can cancel the e-Mandate anytime by contacting their bank or the payee.
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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