The Bombay Stock Exchange (BSE) on September 13, 2023, issued a notification of the introduction of NACH E-Mandate through Net-Banking /Debit Card-based authentication with reference to notice no. 20230809-9 dated August 09, 2023, in respect of the update on the introduction of NACH E-Mandate through Net-Banking /Debit Card-based authentication.
As per the information received from our service providers, the majority of nationalised as well as private banks are going to enhance the ENACH Net banking and Debit card mandate limit to Rs. 1 Crore.
The members are hereby informed that the BSE StAR MF Platform will accordingly enhance the ENACH mandate limit to Rs. 1 Crore.
However, members are requested to note that if the destination bank of the investor has not enhanced the limit, such mandates may get rejected by the destination Bank. The status received thus shall be updated on the BSE StAR MF platform.
[Notice No. 20230913-2]
