Handle all Your Recurring Payments With The e-NACH
Nowadays, everything is transforming to the digital form to make your life easy and hassle-free. But most people don't know " what is e-NACH ." e-NACH is a centralized clearing service that aims to provide interbank low and high-value transactions that are periodic and repetitive. Offering debts and credit services to financial institutions, banks, and corporates, the services aim at combining all ECS into a single NPS. The NPCI introduces NACH, and it allows automating the recurring payments from customer's accounts. There are many benefits to using e-NACH for recurring payments, but first, you must know how it works. How E-NACH works At first, the customer opts for the company's services. The services provider deliver their service The customers are asked to fill the mandate. The mandate or form is sent to the vendors' bank Vendors bank sends it to customer's bank. The entire e-NACH mandate registration process of NACH takes around 15 to 20 days...