NACH

NACH Debit is a mandate-based collection solution allowing corporates to pull funds (digital & physical form based) at a regular frequency as confirmed by its customers from accounts in other banks to a single account with IDFC FIRST Bank.

This solution gives control to pull funds from dealers/buyers and align your cash flow forecast and expectation.

Online mandate and transaction file upload facility

Easy debit mandate processing

Multiple eNACH aggregators

What are the modes of NACH?

Physical NACH

e-NACH

Digital Mandate authorization via Aadhaar OTP
Digital Mandate authorization via Net Banking/Debit card

Features

Direct Integration with NPCI

Real time UMRN generation

Corporate Front end for mandate registration

Reports for reconciliation

Same-day settlement

Low transaction cost

Fully integrated & automated solution for NACH Mandates registration

NACH physical mandate collection from client’s premises and scan-based processing

Pre-Notification to buyers & Auto retry for failed NACH debit

Scan based mandate registration via SFTP

Auto debit functionality

Contact Us

Apply now for the Current Account to automate recurring collections with our NACH service

FAQs

How can you avail the Utility code for NACH/e-NACH?

Please get in touch with your Relationship Manager or contact branch to complete the documentation process required to avail the utility code from NPCI.

Can existing registered NACH mandates be migrated from existing sponsor bank to IDFC FIRST Bank?

IDFC FIRST Bank supports in getting the migration of NACH mandates.

When will the settlement of NACH debit transaction happen in your IDFC FIRST Bank account?

The settlement will happen on the same day of NACH debit transactions.

Cash flow management
made easier with NACH

Overview

Modes

Features

Process

FAQs

NACH