Register your bank account
When you borrow from us, you share your bank account details for e-mandate registration during the application process. While opening an SDP, you use a bank account to invest funds, which becomes registered bank account for your monthly investment.
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Steps to follow to register your bank account
You can follow these simple steps to register your mandate in the service portal
- Click on the ‘Sign-in’ button on this page
- Enter your registered mobile number and date of birth and, submit the OTP.
- Go to the ‘Menu’ and click on ‘Bank details/ Documents’
- Select the ‘Change your bank details’ option
- Click on ‘Change’ in front of the loan or SDP for which you want to change registered bank account
- Click on ‘Continue’ and proceed with mandate registration.
- Enter your bank details, IFSC, and other details, and complete your bank account registration.
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When you borrow a loan, you register your bank account details during the application process for mandate creation. In case you have invested in an SDP, you must have used a bank account during the time of opening the SDP. This bank account becomes your registered bank account, and your monthly investment amount gets debited from this bank account.
How to check your e-Mandate status on Bajaj Finance
You can check your e-mandate status online through Bajaj Finance digital platforms. Your mandate status helps you confirm whether automatic EMI payments from your registered bank account are active or need attention.
Follow these steps to check your e-mandate status:
- Sign in to your account: Use your registered mobile number and complete the required verification process.
- Select your loan account: Choose the loan for which you want to check the repayment mandate details.
- View mandate information: Check your linked bank account details and current e-mandate status.
- Take required action: If your mandate is not active, you can follow the available steps to complete registration or update your repayment details.
You can also check active mandates linked to your bank account through your bank’s digital channels, if this service is available.
E-mandate registration: Documents and bank details required
To complete e-mandate registration, you need to provide your bank account details and complete the required verification process. These details help link your bank account for automatic EMI payments as per the approved mandate.
Details required | Description |
Bank account number | Provide the account number that you want to use for automatic payments. |
IFSC code | Enter the correct IFSC code linked to your bank branch. |
Bank name | Provide the name of the bank where your account is maintained. |
Account type | Select the applicable account type, such as savings or current account. |
Mobile number linked to bank | Use the mobile number registered with your bank for verification. |
Ensure that all details are accurate before submitting your e-mandate registration request to avoid processing issues.
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Check the bank account registered for your product
Sign-in to our customer portal to view mandate details for loans, cards, or SDPs.
Frequently asked questions
Bank account registration charges may vary depending on your bank or It's advisable to check with your bank for specific details on applicable charges.
To register for mandate, you can visit your bank's online portal or the service provider's website, where you fill in required details and authenticate via net banking or debit card.
You can check your NACH status by logging into your bank's net banking platform, where a specific section for NACH mandates might be available. Alternatively, you can contact customer support or visit your bank branch for assistance.
The time required for e-mandate registration on Bajaj Finance depends on the verification process and confirmation from the linked bank. After you submit the required details and complete authentication, the request is processed. You can check the latest mandate status through Bajaj Finance digital platforms.
Yes, you can register an e-mandate using a savings account if the bank account supports this facility. You need to provide correct account details and complete the required verification process. Ensure that the account remains active for successful automatic payments as per the approved mandate.
If your e-mandate registration is rejected, the automatic payment setup will not be activated. This may happen due to incorrect bank details, verification failure, or other issues. You can check the reason, update the required information, and submit the mandate registration request again.
NACH is a payment system that enables automatic recurring transactions such as loan EMIs. An e-mandate is the digital process used to authorise these payments online. Both help customers set up automated payments, but e-mandate allows digital registration and verification without physical paperwork.
