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Nach

E-NACH & e-Mandate are new payment services that allow anyone with a bank account to easily automate recurring payments.<br><br>

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Nach

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  1. NACH (National Automated Clearing House)Razorpay Best Payment Gateway

  2. What is e-NACH & e-Mandate? • e-NACHstands for Electronic National Automated Clearing House. • E-NACH and e-Mandate are easier ways for merchants and their buyers to handle all recurring payments like telephone bills, insurance premiums, utility bills, SIPs, school fees etc.

  3. Is there a difference between e-NACH & e-Mandate? E-Mandates can be directly set up through a netbanking transaction from merchant websites. In order to do this, a customer would need to complete a one time netbanking transaction authorization after which all subsequent payments will not require customer intervention. They are two different services, both delivering the same result i.e. enabling automated recurring payments. e-NACH is governed by NPCI & covers over 40+ banks while e-Mandates are controlled by individual banks and is currently available across 4-5 banks.

  4. Start Doing More With Razorpay Handle the entire payments lifecycle with our technologically advanced payments solution.

  5. Thank You!

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