Product Overview
Use our NACH (National Automated Clearing House) service to collect recurring payments by registration of debit mandate of end customer via physical or electronic mode (e-Mandate).
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Rewards
1 reward point on every 100 spends on debit card
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15% discount
1 reward point on every 100 spends on debit card
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Free
Cash withdrawal on Utkarsh Bank ATMs
- There is no need to clear cheques, which saves time. Quick payment acceptance helps establish stronger customer connections.
- The elimination of large amounts of cheques simplifies the payment procedure. Effortless customer service, bill payments, and simple money transfers to several recipients.
- Quickly manages recurring payments. All transactions are settled within a day, there is no need to memorise payment dates.
- Easy cancellation of mandates. A safe and secure procedure utilising just net banking credentials.
- Increased customer retention : - A one-time authentication allows you to debit the customer’s Bank Account on a set date. Hassle-free collection thus increases customer experience.
- Recovery of funds in a recurring manner : - Payments will be deducted from the customer’s Account on the mutually decided date periodically.
- Better Tracking : -The Unique Mandate Registration number allows you to keep a track of payments received.
E-NACH
Physical NACH
For physical NACH mandate registration, collect the NACH registration form from your customer and share it with the Bank either physically or digitally.
Eligibility & Documentation
- Corporates must submit the “User Registration Form” as per the format defined by NPCI, which has to be submitted to Utkarsh Small Finance Bank in order to get on boarded into the NACH platform.
- The form should be submitted by the corporates on their letterhead.
- The form should be duly signed by the authorised officials with their official stamps.
For detailed fees and charges please contact your Relationship Manager or visit your nearest branch.
Loan calculator
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Interest Rate 8.00% |
Interest Earned 3,50,452 |
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Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
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(Indicative interest rates for calculation only. click here for latest rates.) |
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