Destination bank means my bank but my bank don’t any mandate or UMRN number to my account bt I should apply for a loan on a nbfc they fill up nach mandate and then bank only send authorisation code and then I have some network issue but the mandate charge may apply and bank also ignore this is not told it’s not cancel by there
"UMRN - UMRN is a Unique Mandate Reference number allocated to each new mandate created in NACH Debit. It is auto generated by the NACH system during mandate creation."
A great video that clears mandate doubts. Keep it up. Bring more such illustrative video solutions
.TY
Thank you, I will
very nice explation💯💯💯💯
Thanks for liking
plz keep making such NPCI PRODUCT VIDEOS ITS REALLY USEFUL FOR THE YOUNG FINTECH ENTHUSITS IN INDIA
Thanks Rahul, sure we will do it. We have created multiple courses on Udemy, please search for "Growmin" on Udemy.
Please make a diagram of E-NACH process
Really helpful this video
Destination bank means my bank but my bank don’t any mandate or UMRN number to my account bt I should apply for a loan on a nbfc they fill up nach mandate and then bank only send authorisation code and then I have some network issue but the mandate charge may apply and bank also ignore this is not told it’s not cancel by there
Thank u sir
who generates UMRN. NPCI or Sponsored bank?
"UMRN - UMRN is a Unique Mandate Reference number allocated to each new mandate created in NACH Debit. It is auto generated by the NACH system during mandate creation."
Can mandate be originated from destination bank and if yes what is the process flow ?
How my company enables nach to my all customers for every month collection
Hi Manish, that is explained in the course. Please visit the link or search for "Global FinTech Academy" on Udemy.
UMRN = Unified Mandate Reference Number
Can same NACH mandate form be used for 2 loans of same bank to the same customer?
No, the mandate for, for each loan has to be different,