Overview

• National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporates and Government a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature
• Mandate Management System - MMS allows banks to accept, digitize, process and send the mandate to other banks for acknowledging and registering customer instruction to debit his account with other bank through NACH.
• This is an upgraded version of Electronic Clearing System (ECS)

Features

• SGB as a Sponsor Bank - Debit other bank accounts and receive credit for accounts with us
  a) Mandate Creation: Creation of a new mandate in favour of the User Institution.
  b) Mandate Amendment: Amendment of any of the variables of an existing Mandate, which is Active.
  c) Mandate Cancellation: Cancellation of an active mandate
• SGB as a Destination Bank - Debit our bank accounts and credit for other bank accounts
  a) handles all the inward Mandates received from other Financial Institutions.

Benefits

• Recurring payments will be easier
• No worry about recurring payments
• Issue mandates for longer period

Rates & Charges

• One time Mandate charges :

Description	Charges (Excl GST)
New Mandate	50/-
Amendment	50/-
Cancellation	No Charges

Application Forms

• Mandate Registration Form - NACH/ECS
• Mandate - Form
• Reference Document

How to register ?

• Please contact your home branch for more details.