NACH - Razorpay

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NACH (National Automated Clearing House)
Razorpay Best Payment Gateway
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• What is e-NACH e-Mandate?

• e-NACH stands for Electronic National Automated
  Clearing House.

• E-NACH and e-Mandate are easier ways for
  merchants and their buyers to handle all
  recurring payments like telephone bills,
  insurance premiums, utility bills, SIPs, school
  fees etc.

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Is there a difference between e-NACH e-Mandate?
E-Mandates can be directly set up through a
netbanking transaction from merchant websites. In
order to do this, a customer would need to
complete a one time netbanking transaction
authorization after which all subsequent payments
will not require customer intervention.
They are two different services, both delivering
the same result i.e. enabling automated recurring
payments. e-NACH is governed by NPCI covers
over 40 banks while e-Mandates are controlled by
individual banks and is currently available
across 4-5 banks.
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