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You can find the list of banks supported for e mandate here. There is no limitation on the number of banks supported by Cashfree Payments. We support all the banks supported by NPCI.
The corresponding bank authenticates the end-customer by asking them to enter their net banking credentials or their debit card credentials. Here, the debit card credentials are only used to authenticate the customer. This ensures, the e mandate continues uninterrupted even in the case of debit card expiry during the mandate tenure.
The maximum amount limit set for eNACH mandate is ₹10,00,000.
The banks maintain all the e-mandates created by their customers. In order to cancel the mandate the customer can reach out to their bank.
Utility Code or Corporate User ID is a User Identification Number that is allotted by NPCI. The Utility Code helps to identify the business in whose favor the mandate is being issued. A mandate request cannot be initiated without a Utility Code in the Mandate Management System.
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With Cashfree Payments, collect payments, make payouts, manage international payments and more. Start now by creating your account or Contact Sales to explore custom solutions.
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