Automate Recurring Payments with EnKash eNACH

• Login to EnKash

• Register the business for e-NACH by filling in the necessary details like personal information, bank account details, and the amount to be authorized for transactions

• Submit the details and wait for verification

• An intimation regarding registration approval will be received on the registered email ID and phone number

Governing Authority

eNACH is governed by the National Payments Corporation of India (NPCI) and covers over 40+ banks.

e-Mandates are governed by individual banks.

Types of Payments

eNACH excels in automating recurring payments.

eMandate provides versatility, accommodating both recurring and one-time transactions.

Control

eNACH offers automated processing with predetermined schedules.

eMandate provides flexibility to initiate transactions as needed.

Usage

eNACH is commonly used for subscriptions, loan repayments, and utilities.

eMandate is used for various payments including ad-hoc payments.

• Both e-NACH and e-Mandate bring efficiency to payment processing in businesses

• E-NACH has replaced the manual methods of authorization and e-Mandate has eliminated the need for paperwork, reducing workload

• e-NACH ensures timely collection with predetermined schedules and removes the need to be involved manually

• Customers can easily make recurring payments without any friction in the process

• e-NACH and e-Mandate can be customized as per business requirements and can be scaled easily as the business grows without disrupting the payment processing

• Transactions processed via e-NACH and e-Mandate are digitally encrypted which eliminates the risk of data violation

e-NACH can be canceled online by logging into the NACH mandate portal and selecting the mandates to be canceled.

e-NACH is a secure and reliable payment solution that reduces the risk of fraud usually associated with manual payment processing.

e-NACH integration enables a consistent cash flow by automating recurring payments and simplifying financial operations. This automation allows timely collections, therefore, improving liquidity in the business.

• Fill out the e-NACH enrolment form

• Login and select the NACH tab

• Choose the payment debit type to be auto-debited every month

• Register and validate the data

• Enter bank account details and complete the e-Mandate form and choose between net banking and debit card

• A reference number and mandate registration confirmation message will pop up

E-mandate works by allowing individuals to provide their consent digitally for businesses to deduct payments directly from their bank accounts. These are directly set up through a net banking transaction from merchant websites. To enable this, a customer would have to complete a one-time net banking transaction authorization after which all subsequent payments will not require customer intervention.

E-NACH works via electronic mandates, where customers are supposed to provide their authorization for automated debits from their bank accounts. These mandates enable businesses to initiate payments on pre-determined dates. The automated nature of e-NACH minimizes the administrative burden on businesses and customers, ensuring a secure and seamless payment experience.

• Register on EnKash

• You will be provided with e-NACH with an API integration which can done easily with a plug-and-play method

• You can set the recurring payment for both your monthly payments and collections