What is a NACH/e-NACH Mandate?
A National Automated Clearing House (NACH) mandate is a standard instruction that you provide to your bank/financial institution to enable periodic fund transfers from your bank account towards recurring investments (Mutual Funds SIPs, Smartfolios, etc.)
An e-NACH Mandate is a digitised version wherein the mandate can be set up online.
Following approval, the selected amount will be automatically transferred towards your investments as per the chosen periodicity and date.
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