e-NACH stands for Electronic National Automated Clearing House. It's a new and easier way to automate and handle all recurring payments like telephone bills, insurance premiums, utility bills, SIPs, school fees etc with a bank account. Let's say, if you are registering an ENACH m...
There is no limit to the number of e-Mandates that can be set up for an account.
In case of insufficient bank account balance, the payment will be declined by your bank. Payment may be auto-attempted again depending on time left for payment due date.
Mandate registration can be cancelled at any time on Freecharge App. All the future recurring payments will be stopped except for the one which is already in process.
ENACH mandate in Freecharge App is setup on bank account with authentication through Debit Card details or Netbanking login credentials. Customer is required to complete a one-time authentication for registration of mandate after which all subsequent payments will not require cus...
You would need an Aadhaar linked bank account at a participating bank to register for ENACH .