Website: Top Left Menu > Set up Auto-Debit (NACH)
App: Home page → Menu (bottom right) → Mutual Funds → Auto-Debit (NACH).
Note: If you have not invested in Stocks & ETFs, then you will be on the Mutual Funds page by default.
If you have registered with the following banks, you will find the option to register e-Mandate.
- ICICI Bank
- HDFC Bank
- Axis Bank
- Punjab National Bank
- Yes Bank
- Central Bank of India
- Indusind Bank
- Kotak Mahindra Bank
- Bank of Baroda
- Indian Overseas Bank
- IDFC Bank
- SBI Bank
This is linked to your net banking so if it's enabled, you can log in and register the e-Mandate.
The registration for these banks can take place within 2-5 business days.
If you have registered with any other bank, you can download the pre-filled NACH mandate form, sign above your name (only) and upload the scanned copy on the same page itself. Or you can also send it to care@niyomoney.com.
The registration for physical mandates can take upto 25 business days.
Please note that some banks may charge a small NACH (or e-Mandate) registration fee from your account. This may vary from bank to bank and to the type of NACH that you are registering. \
Some more FAQs for reference:
What is an auto-debit mandate (NACH or e-mandate)?
What is the limit of the auto-debit mandate?