Auto Mandate Debit Clearing

Under this, the customers of our client, who maintain their accounts with our branch give mandate for debiting their accounts with specified amount for specified period. All that is required is Centralised mandate registration and periodical auto debit to the account. Companies from financial sectors like NBFCs and Mutual funds, can subscribe to this facility for their SIP plans. All credits are pooled at one place and single payout is released to the client along with MIS.