By signing up for services with MPS Financial Services Pvt. Ltd., you explicitly consent to:

  • Debit of loan repayments/EMIs directly from your registered bank account through NPCI’s eNACH system
  • Sharing of mandate-related data with Banks, NBFCs, Payment Aggregators, and Regulators for processing and compliance
  • Authentication of your mandate via Net Banking, Aadhaar OTP, or physical signed forms

Customer Rights under eNACH

  • You will receive notification of mandate registration and activation
  • You may request cancellation, suspension, or modification of mandate by contacting us in writing
  • Failed debits due to insufficient funds may attract Bank/NBFC penalty charges
  • eNACH mandates are executed only with customer consent and authentication