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What is ENACH Mandate?
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 mandate for electricity bill payment, all your subsequent bill payments will be scheduled for auto payment through your bank account, instead of manually keeping track and making individual payments.
What is ENACH Mandate?
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 mandate for electricity bill payment, all your subsequent bill payments will be scheduled for auto payment through your bank account, instead of manually keeping track and making individual payments.