Presenting faster, safer and easier recurring payments
The new e-NACH payment service allows you to easily automate your recurring payments. You can create standing instructions for specific amounts, times and dates without having to submit a paper mandate.
Here’s how it works
- e-Mandate sign up
Complete an online form to instantly authorise the merchant to collect your payment when it’s due.
- Automated payment
Payment will be deducted from your account at the specified date and time, as authorised by you.
- Update of standing instruction
Merchants can update the date, time and amount of Direct Debit with your consent.
- Termination of payment
Both you and the merchant can terminate the recurring mandate online.
Features and benefits
- Secured and assured mandate acceptance
- 24x7 mandate registration, directly from corporate/merchant website
- Real-time creation of self-authenticated mandate
To use e-NACH with HSBC, you need to be registered for Personal Internet Banking. If you haven't already done so, you can register in a few simple steps.
Get your banking done anytime, anywhere. Download HSBC India mobile banking app now!