The National Payments Corporation of India (NPCI) on July 17, 2024, issued the notification regarding the Changes in MMS data sharing frequency.
The following has been stated namely: -
• The Mandate Management System (MMS) facilitates the processing of mandates across banks allowing the customers to issue mandates for various purposes. The current frequency of sharing inward and response files with banks is at EOD.
• It has been decided to provide the data of mandates registered, at a higher frequency instead of one time.
• The timings are provided in Annexure 1.
• The change shall be implemented with effect from September 01, 2024
[Notification No. NPCI/2024-25/NACH/002]
