Get Mandate Instruction Form For Nach/ecsdirect Debit

Completing the Mandate Instruction Form for NACH/ECS Direct Debit is essential for enabling automatic debit transactions for your insurance premiums. This guide provides clear, step-by-step instructions to ensure that all information is accurately filled out online.

Follow the steps to successfully complete the mandate instruction form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the UMRN (Unique Mandate Reference Number) at the top of the form. This number uniquely identifies your direct debit mandate.
3. Select the current date to indicate when you are filling out the form. Ensure that the date is formatted correctly, using the day, month, and year fields.
4. Input your sponsor bank code. This code identifies the bank from which the funds will be drawn.
5. Choose whether this is a creation or modification of a mandate by selecting the appropriate option.
6. Input the utility code, which identifies the service provider or bank.
7. Fill out the name of the utility, biller, bank, or company that will be debiting your account. Tick the appropriate checkbox to authorize this debit.
8. Specify your bank account type and enter your bank account number. Ensure this matches your original account details.
9. Provide the IFSC code of your bank, or if applicable, the MICR code.
10. Indicate the amount to be debited, ensuring it reflects the expected monthly or annual premium along with any applicable service tax.
11. Choose the frequency of the debit – monthly, quarterly, half-yearly, yearly, or as presented.
12. Select the debit type, indicating if it will be a fixed or maximum amount.
13. Fill in your contact details, including phone number, email ID, and any applicable policy numbers.
14. Review the declaration section carefully, ensuring that you understand all terms. Confirm your agreement by signing and entering your name as it appears in bank records.
15. Submit the completed form as instructed or save, download, print, or share it as necessary.

Complete your mandate instruction form online today to ensure timely processing of your premiums.