E-NACH – Swap of Bank Account
With E-NACH – Swap of Bank Account service, you can now switch easily to your favourite bank to pay your loan EMIs directly from your bank account, without the need for paper-based physical mandate. E-NACH stands for Electronic National Automated Clearing House.
All you need to do is, complete a one-time authentication for registration of the mandate with your Net Banking or Debit card or Aadhaar details, after which all subsequent payments will not require your intervention.
Benefits
- Simple and hassle-free process for making recurring payments
- Enhanced user experience as a result of error-free registration and payment automation
- Avoidance of late fees and penalties due to timely auto-debit of instalment amount
- 24 X 7 capability for Swap of Bank account Mandate directly from website, no need to visit the branch
Process
- Upon opening of the E-NACH – Swap of Bank Account page, please update the details required including your loan account number
- Once you have updated all the required details, it will show you a confirmation message.
- Our Team will reach out to you on the next steps.
- Request for Swap of Bank Account Mandate can be submitted visiting nearest Nestavia Home Finance Branch if E-mandate is not getting registered for any technical reason or customer bank is not offering the E-mandate registration facility.
