No, in that case the customer must manually repay that month’s EMI through our mobile application. The eNach shall start debiting EMIs from the next month onward.
Articles in this section
- What is e-NACH?
- What is the cap on the e-NACH mandate amount?
- Are there any e-NACH bounce charges charged by lenders?
- How will I come to know whether the mandate has been accepted by the sponsor bank?
- When can the lender initiate the e-NACH to debit the customer account?
- Can I request True Credits to execute the e-NACH on a specific date if I failed to repay on the due date?
- Once my loan is closed, do I need to request True Credits to deregister the e-NACH?
- Does e-NACH Auto-Debit work on all days?
- Can I repay the loan repayment through the True Balance app on or before the due date?
- What will happen if my bank account balance is insufficient on the Loan EMI due date?
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