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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