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Ramrajya Sahakari Bank Ltd, Pune
Mandate Cancellation
NACH (National Automated Clearing House) or ECS (Electronic Clearing Service) Cancellation request is used to cancel automatic debit from your
account every month to pay bills like telephone bills, electricity bills, installments, insurance premiums etc or loan EMI’s.
Now submit your mandate cancellation requests online.
Fill this form & click Submit.
Your request for cancellation of mandate will be processed in 7 days, subject to fulfilment of all terms & conditions associated with mandate cancellation.
Mandate – Frequently Asked Questions (FAQs)
1. What is an Mandate? 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). There are 2 different ways with which one can set up a mandate: (i) Offline Mandate - In this case, a physical mandate request form needs to be submitted. This process usually takes around 21 days (including the transit time). (ii) E-mandate (Online Mandate) – In this case, the entire mandate registration process happens digitally so it is completely paperless.
2. Can I register any new bank for E-mandate or for only the existing bank accounts? There is no restriction in number of bank accounts to be registered for mandate. You can register your existing bank as well as new bank accounts for E-Mandate facility.
3.Is it possible to delete/cancel/edit the mandate?
Please note that on cancellation of a registered mandate, any systematic transaction mapped to such mandate will also get cancelled. So it is suggested to first change the payment mode of the systematic transaction where the mandate is mapped and after that cancel the mandate.