Year and Month wise NACH Mandates Processed

The data shows the number of mandate issued and the number of them approved and rejected on monthly distribution . Note:- (1)NACH Credit is an electronic payment service used by an institution for affording credits to a large number of beneficiaries in their bank accounts for the payment of dividend, interest, salary, pension etc. by raising a single debit to the bank account of the user institution. (2)Mandate is a standing instruction to a bank to debit client's account on a periodic basis for a periodic transactions like Systematic Investment Plans (SIPs) / Target Investment Plan (TIP).