A landmark step towards only paperless business. NJ is the first Corporate in India to launch eMandate facility

Features

• 100% Paperless mandate registration process
• Aadhar based authentication by client through OTP or Bio-metric
• No separate documents / Proof required
• Reduced registration TAT of JUST 2 working days

(T= day on which mandate is submitted to destination bank by NPCI, TAT is defined by NPCI)

Important Points

• Aadhaar number should be linked to client's Bank account for eMandate approval.
• eMandate registration will start in E wealth Ac activated with ESIGN from 27^th July 2017.
• Currently only NJ Mandate will be processed in eMandate. BSE eMandate will be available soon.
• eMandate will be processed only in ACH mode.
• 8 Banks available in eMandate facilities which are
  
  • Syndicate Bank
  • Punjab National Bank
  • Oriental Bank of Commerce
  • ICICI Bank
  • HDFC Bank
  • Saraswat Co Operative Bank
  • HSBC Bank
  • Ratnakar Bank
• Many more banks are under testing mode on eMandate paltform of NPCI & will be live shortly.
• In case any client needs the auto debit facility in HDFC & ICICI bank then additional physical mandate can be sent for registration.
• eMandate registration will be available only at the time of NJ E-Wealth account opening.
• Maximum upper limit for eMandate is restricted upto Rs. 1 lakh by NPCI.
• eMandate will be processed if ,mode of holding in bank account is “single” or “Anyone or Survivor”.
• IF Mandate Limit entered is more than Rs. One lac, then system will prompt an alert & if the limit is not changed as per the guidelines then it will be processed as normal mandate.
• In case client bank is not active in eMandate registration facility, mandate will be processed as per the normal process.

Thanks & Regards,
NJ E-Wealth