{"id":2217,"date":"2018-11-26T14:56:08","date_gmt":"2018-11-26T14:56:08","guid":{"rendered":"http:\/\/blog.kuvera.in\/?p=2217"},"modified":"2019-06-10T09:46:15","modified_gmt":"2019-06-10T09:46:15","slug":"e-nach-mandate-suspended-by-npci","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/e-nach-mandate-suspended-by-npci\/","title":{"rendered":"e-Sign based mandate (e-NACH) suspended by NPCI"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d1d72b382c5\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d1d72b382c5\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/e-nach-mandate-suspended-by-npci\/#Key_Takeaways_from_NPCI_Circular\" title=\"Key Takeaways from NPCI Circular:\">Key Takeaways from NPCI Circular:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/e-nach-mandate-suspended-by-npci\/#Next_Steps\" title=\"Next Steps\">Next Steps<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/e-nach-mandate-suspended-by-npci\/#NPCI_circular_suspending_eSign_based_E-Mandate\" title=\"NPCI circular suspending eSign based E-Mandate\">NPCI circular suspending eSign based E-Mandate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/e-nach-mandate-suspended-by-npci\/#NPCI_Circular_disallowing_embossing_cropped_signature_or_sign_on_digital_device\" title=\"NPCI Circular disallowing embossing (cropped signature) or sign on digital device\">NPCI Circular disallowing embossing (cropped signature) or sign on digital device<\/a><\/li><\/ul><\/nav><\/div>\n<p>Pursuant to the notification from NPCI we have stopped e-NACH mandate registration process completely on 22-Nov.<\/p>\n<p><em><strong>Ps: This does not impact mandates registered using a URN number by adding BSE as a biller to your bank account.<\/strong> <\/em><\/p>\n<h5><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_NPCI_Circular\"><\/span><strong>Key Takeaways from NPCI Circular:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<ol>\n<li>No impact if your e-NACH mandate was approved prior to 26-Sep-18.<\/li>\n<li>For mandates approved after 26-Sep-18, you have till 15-Feb-19 to shift to a Paper Based NACH Mandate.<\/li>\n<li>Embossing customer signature (cropped from another document) or signing on a digital device is <strong>specifically disallowed<\/strong> for e-NACH mandate.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Next_Steps\"><\/span><strong>Next Steps<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>We will reach out to all our clients who are impacted by this and will share the next steps within the next few days. Further, we are working with BSEStarMF, our transaction aggregator, to bring to you a seamless Paper Based NACH Mandate registration process and expect to roll this out within the next 2 weeks.<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"NPCI_circular_suspending_eSign_based_E-Mandate\"><\/span>NPCI circular suspending eSign based E-Mandate<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><img loading=\"lazy\" class=\"wp-image-2222 size-full aligncenter\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2018\/11\/Capture-5.png\" alt=\"\" width=\"663\" height=\"800\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/11\/Capture-5.png 663w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/11\/Capture-5-249x300.png 249w\" sizes=\"(max-width: 663px) 100vw, 663px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"NPCI_Circular_disallowing_embossing_cropped_signature_or_sign_on_digital_device\"><\/span>NPCI Circular disallowing embossing (cropped signature) or sign on digital device<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-2224\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2018\/11\/Capture-6.png\" alt=\"\" width=\"655\" height=\"798\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/11\/Capture-6.png 655w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/11\/Capture-6-246x300.png 246w\" sizes=\"(max-width: 655px) 100vw, 655px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><em>If you have further questions about your e-NACH mandate registered through Kuvera do reach out to us at support@kuvera.in<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit <a href=\"https:\/\/www.kuvera.in\"><strong>kuvera.in<\/strong><\/a> to discover <a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and <a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai, #KuveraSabseSahiHai!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pursuant to the notification from NPCI we have stopped e-NACH mandate registration process completely on 22-Nov. Ps: This does not impact mandates registered using a URN number by adding BSE as a biller to your bank account. Key Takeaways from NPCI Circular: No impact if your e-NACH mandate was approved prior to 26-Sep-18. For mandates [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/e-nach-mandate-suspended-by-npci\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":3,"featured_media":2228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[91],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>e-Sign based mandate (e-NACH) suspended by NPCI - Kuvera<\/title>\n<meta name=\"description\" content=\"NPCI has stopped e-sign based electronic Mandate. Embossing of customer signature or signature on digital device is not allowed. 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