ACH E- Mandate Registration
Authentication for E-Mandate requires an Active Net banking log-in. Some banks do provide it through your Debit Card too.
ACH Registration Process may take a maximum of 10 days. Post Dated Cheques may have to be submitted for the intervening period to nearest HDFC Ltd. Service Center.
The maximum amount for an E-Mandate is Rs.10 Lac. For an amount above Rs.10 lac, you will have to issue a paper mandate.
Mandates are generally presented on the 'Strike Date' mentioned in your mandate. If the strike date falls on a Bank Holiday, the mandate will be presented on the next working day. Sometimes due to other technical reasons, the mandate may be presented a few days later also. Therefore you are advised to maintain adequate balance until the mandate is presented.
The 'From Date' is the first strike date ie. the first Date of Payment.
The available strike dates in a month are the 5th, 10th, 15th, 20th, 25th, 27th, or the Last day of the month.
Separate E-Mandate has to be submitted for each Loan Account.
This facility requires a 10 digit personal Indian Mobile Number to receive SMS. However, it is not mandatory.
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.