Revision of NACH Mandate Form

NPCI/2026-27/NACH/001

April 28, 2026

To
All NACH Member Banks,

Revision of NACH Mandate Form

Background:
NPCI offers NACH as a payments product for purpose of making electronic funds transfer. Customers can utilise NACH by executing a mandate form either physically or digitally. The physical mandate form is now being revised.

Purpose:
This circular is being issued for alignment of NACH Mandate form execution practise and necessary regulatory additions.

Effective Date: April 28, 2026

Operational Directions:
i. Immediate Adoption: All NACH Members shall immediately adopt the mandate form and XML format (annexed in Annexure A) themselves and ensure adoption by all their associated NACH participants (including merchants, corporates and payment aggregators).
ii. Technical aspects for adoption:
a) All Members shall ensure that the frequency tag applicable to e-NACH mandates is to be used in the XML generation of physical mandates as well.
b) Previous NACH mandate formats shall continue to remain valid till September 30, 2026 and NACH Members shall not reject any NACH mandate forms solely on the ground of "Mandate not in standard format". After September 30, 2026 destination banks may choose to accept or reject mandates forms with the previous format.

Yours Sincerely
SD/-

Giridhar G.M.
Chief – Customer Success

1001A, The Capital, B Wing, 10th Floor,
Bandra Kurla Complex, Bandra (E), Mumbai 400 051.
T: +91 22 40009100 F: +91 22 40009101
contact@npci.org.in www.npci.org.in
CIN: U74990MH2008NPL189067

Together
We Build

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Annexure-A

a) Revised Mandate Form

[Image omitted. See the official document.]

b) XML Frequency Tags

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National Stock Exchange of India

Circular

To All Members,

Subject: Revision of NACH Mandate Form

This is with reference to our circular ref no. NSE/NMFTM/74561 dated 05 June 2026, regarding revision of NACH Mandate Form on NSE MF Invest Platform

Members are hereby informed that the National Payments Corporation of India (NPCI), vide Notice No. NPCI/2026-27/NACH/001, has revised the NACH Mandate Form.

Accordingly, members are requested to take note of the revised mandate format from 31 August 2026 and make the necessary changes in their respective systems with the revised requirements.

The relevant notice issued by NPCI is enclosed as Annexure I for reference. Members are advised to review the revised requirements and initiate the necessary actions, including updating their systems and processes, wherever applicable.

Please note that the previous NACH mandate formats shall continue to remain valid up to 30 September 2026. Accordingly, NACH Members shall not reject any mandate till 30 September 2026, After September 2026, destination banks may choose to accept or reject mandates forms of the previous format solely on the ground that the mandate is not in the revised standard format during this transition period.

Members are requested to ensure that the revised NACH mandate format is duly implemented within the stipulated timeline and that all concerned teams are appropriately informed

For and on behalf of
National Stock Exchange of India Limited

Milton Dias
Associate Vice President

Sagar Vaidya
Senior Manager

Enclosure: Annexure I

Regd. Office : National Stock Exchange of India Limited | Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051, India +91 22 26598100 | www.nseindia.com | CIN U67120MH1992PLC069769

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Continuation Sheet