E-Mandate

byPaytm Editorial TeamLast Updated: August 12, 2025

Definition

E-Mandate is an electronic authorization that allows businesses or banks to automatically debit a customer’s bank account for recurring payments like EMIs, utility bills, or subscriptions. It eliminates the need for physical paperwork and ensures timely payments.

Key Features

  • Fully digital and paperless
  • One-time setup via net banking or debit card
  • Useful for recurring transactions
  • Reduces the risk of missed payments

It’s widely used for services that require regular payments without manual intervention.

You May Also Like

UPI Bank MapperLast Updated: July 16, 2025

Meaning UPI Bank Mapper is a backend system maintained by NPCI (National Payments Corporation of India) that links…

UPI Failed Status CodesLast Updated: September 22, 2025

Definition UPI Failed Status Codes are error codes generated when a UPI payment does not go through. Meaning…

Peer-to-Merchant (P2M) TransferLast Updated: July 11, 2025

Introduction Peer-to-Merchant (P2M) Transfer refers to UPI transactions where a customer sends money to a business or service…