What are the differences between the 3 mandate registration methods?

What are the differences between the 3 mandate registration methods?

Physical Mandate

eMandate via DC, Net Banking

eMandate via eSign

Physical NACH form used

Digital eNACH form

Digital eNACH form

Authorized by wet ink signature

Authorized by Debit Card / Net Banking

Authorized by Aadhaar eSign

Authorization is deferred and is validated at Destination Bank

Authorization is immediate (registration is not)

Authorization is immediate (registration is not)

Image data shared with Sponsor bank

Mandate data shared with Sponsor Bank, no image data

eSign XML shared with Sponsor Bank, no image data

RES  TAT is T+5 days

RES TAT is T+2 days

RES TAT is T+2 days

Biometric auth. not possible 

Biometric auth. not possible

Biometric auth. possible

Max. mandate amount is 1Cr. 

Max. mandate amount is 10 Lac

Max. mandate amount is 1 Lac







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