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E-Mandates
Reserve Bank of India and the National Payments Corporation of India introduced e-Mandate as a digital payment service to help businesses streamline their payments. This process serves as the underlying infrastructure for businesses to collect payments without the need for manual intervention.
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(list to be mentioned)
- Physical Mandate Rs. 1 crore
- E Mandate
For recurring payments – Rs. 10 lakhs
Security mandate – Rs. 50 lakhs - eSign based E – Mandate
s. 1 lakh