How to Register for eNACH Online

eNACH is an electronic mandate that authorises recurring payments, such as loan EMIs, to be automatically debited from a linked bank account. It reduces the need to initiate each EMI payment manually. To set up eNACH, you generally provide the required bank account details and complete the authentication process through the authorised digital platform. The mandate is then submitted for bank verification before it becomes active. Once activated, scheduled EMI amounts can be debited from the registered account according to the mandate and applicable loan terms. Borrowers should ensure that the linked account remains active and has sufficient funds before the scheduled debit date. A successful eNACH registration does not clear any EMI that is already overdue. If a payment fails or an EMI remains unpaid, applicable charges and credit reporting consequences may arise according to the loan terms. Always check your current loan account and mandate status. 

Steps to register for ENACH through the Bajaj Finance platform

Registering an eNACH mandate through the Bajaj Finance platform allows you to set up an electronic instruction for scheduled home loan EMI payments. You can initiate the mandate registration digitally by accessing your loan account and providing the required bank details. The exact authentication method and verification steps may vary based on your bank and the options available during registration.

Follow the steps: 

1. Log in to the Bajaj Finance App or Customer Portal using your registered mobile number and OTP.
2. Select the relevant home loan account from your account dashboard.
3. Go to the Menu and select Bank Details / Documents.
4. Choose your bank details and select Change against the relevant loan account.
5. Click Continue to proceed with mandate registration.
6. Enter your bank account number, IFSC code, and other required bank details.
7. Select the available mandate registration or authentication method and complete the required verification.
8. Submit the request and check your mandate status through the digital platform. Mandate approval may take a few business days, depending on bank verification.

Once you submit the eNACH mandate request, complete any required bank verification and check the mandate status through the Bajaj Finance platform. The mandate may take a few business days to become active, depending on bank verification. Ensure that the bank account details provided are accurate and that sufficient funds are maintained for your scheduled EMI payments once the mandate is activated. 

eNACH registration requires accurate bank account details to set up the recurring debit instruction correctly. Providing complete and valid information helps the bank and lender verify the account and process the mandate. The exact details required may vary depending on the bank, lender and mandate type. Keep the relevant information ready before starting the registration process to avoid delays or unsuccessful verification.

Details generally required for eNACH registration include:

• Bank account number: Identifies the account from which the authorised payment can be debited.
• IFSC code: Identifies the relevant bank branch and supports account verification.
• Bank name: Identifies the bank maintaining the account.
• Account type: Indicates whether the account is a savings or another eligible account type.
• Mobile number linked to the bank: May be required for authentication or verification.

The exact information and authentication method may vary by lender, bank and mandate type. Enter all details carefully and ensure that the linked account is active and capable of processing the scheduled debit. Never share your banking password, OTP or other confidential authentication credentials with anyone. Complete authentication only through the authorised bank or lender interface

What should you do if eNACH registration fails?

If your eNACH registration fails, check whether the issue is related to incorrect bank details, unsuccessful authentication, account status or pending mandate verification. Review the mandate status through the Bajaj Finance App or Customer Portal and correct any details, if required. You can then retry the registration using the available authorised authentication method. If the mandate continues to remain unsuccessful, contact Bajaj Finance through an authorised channel for assistance. If an EMI is already due or remains unpaid, check your loan account for the current payment status and make the required payment separately. Registering a new eNACH mandate does not automatically clear an existing overdue amount or change your EMI due date. 

If the mandate remains unsuccessful, contact the lender through an authorised channel and provide the relevant reference or loan account details. If you have already received a legal notice, do not delay action while waiting for a new mandate to become active. Review the notice, verify the current dues, and follow the applicable payment or communication process. A successful eNACH registration only addresses future authorised debits and does not automatically resolve an existing overdue account.

What happens if your eNACH registration fails or is delayed?

If your eNACH registration fails or remains pending, your home loan EMI may not be deducted automatically from your bank account. If the mandate is not active by the scheduled EMI due date, you should make the EMI payment through an authorised payment method to avoid the instalment becoming overdue. A failed or delayed eNACH registration does not change your EMI due date or repayment obligation. If the scheduled payment is not received, applicable charges, including bounce charges, may be levied as per the loan terms and applicable schedule of charges. You should check the eNACH or mandate status through the Bajaj Finance App or Customer Portal before the EMI due date. If the status remains pending or unsuccessful, take timely action to complete the mandate registration or make the EMI payment manually.