Kotak Mahindra Bank becomes first Destination Bank to go live with Net Banking and Debit Card-based e-mandate

Kotak Mahindra Bank becomes first Destination Bank to go live with Net Banking and Debit Card-based e-mandate

• Kotak Mahindra Bank has launched debit card-based e-mandate on NPCI’s API platform. With this Kotak Mahindra Bank has become the first Destination Bank to go live with Net Banking and Debit Card-based e-mandate authentication.

• Destination Bank in NACH platform is one that responsible for the processing of Inward NACH transaction file.

• NACH is a platform of NPCI for bulk and repetitive payment.

Points to remember:

1. Which bank has recently become the first bank to go live with Net Banking and Debit Card-based e-mandate