ACH E- Mandate RegistrationWe provide the facility to ease the process of paying monthly installments.
ACH mandate has to be issued from the Bank Account registered with HDFC Bank Ltd. as Repayment Accounts as appearing in the Loan Sanction Letter. In case you want to change your bank account please visit the nearest HDFC Bank Ltd. Service Center. (Lists of Live Banks for ACH E-Mandate)
Mobile Number/Email Id registered with HDFC Bank Ltd. should be active for receiving the OTP for ACH Registration. You may contact any of HDFC Bank Ltd. offices to update contact details if necessary.
IFSC and MICR should be verified or updated as mentioned on your Cheque/Passbook, whichever is latest.
Maximum Amount per mandate will be twice the EMI (i.e.,EMI X 2 ) or Rs.10 Lakh whichever is lower. The 'maximum amount' is to take care of changes in EMI during the term of the loan. However your account will normally be debited with 1 EMI per month.
E-Mandate cannot be issued under the following situations.Loan Repayment is through arrangements with builder or any special scheme.
The bank details displayed online are not as per your bank records.
You have opted to split the EMI Payment between you and Co-Borrowers or pay through more than one Bank account.
Your bank (i.e. the Bank from which the E Mandate is to be issued) is not registered with NPCI for API E-Mandate.
Note : Please do not share your Netbanking Log-in ID and passwords to anyone. Also do not share your debit card number, CVV and PIN Number.