How to Register an E-Mandate for Your Bajaj Finance Loan or SDP

An e-mandate lets your bank deduct your scheduled loan EMI, or your monthly Systematic Deposit Plan (SDP) investment, from your linked account automatically. You register it in My Account by adding your bank details and authenticating the request.
 

• Register or update your e-mandate in My Account from the bank details section.
• Keep your bank account number, IFSC code and bank name ready, and authenticate with net banking or a debit card.
• Check your mandate status in My Account to confirm it is active.
• If registration fails or your bank rejects it, correct the details and submit it again.
• Until the status shows active, pay your EMI or instalment another way.

An e-mandate does not change your EMI amount or due date.

An e-mandate is an electronic authorisation that lets your bank debit a fixed payment from your account on the agreed date. For a loan, it collects your EMI. For an SDP, the account you invest from is the registered account for your monthly investments.

NACH is the payment system that processes recurring debits such as loan EMIs. An e-mandate is the digital way of giving that authorisation, with no paperwork.

The bank can debit your account only if it holds enough funds. If a debit fails, your payment stays unpaid and charges may apply under your loan terms.

When do you need to register your bank account?

You may need to register an e-mandate if:

• you have a loan or SDP but have not completed mandate registration.
• you want to change the bank account used for payments.
• your bank rejected your earlier registration.
• your current mandate is inactive.

Check your mandate status first, then submit a request only if the status needs action.

How do you register an e-mandate online?

You can register or update your e-mandate in the My Account portal.

1. Sign in. Click the sign-in button on this page.
2. Verify yourself. Enter your registered mobile number and date of birth, then submit the OTP.
3. Open your bank details. Go to Menu and select Bank details/Documents.
4. Choose to change bank details. Select the option to change your bank details.
5. Select your loan or SDP. Click Change next to the loan or SDP you want to update.
6. Continue. Click Continue to proceed with mandate registration.
7. Enter your bank details. Add your bank account number and IFSC code.
8. Authenticate. Complete the request using net banking or a debit card, as your bank allows, and finish the registration.

Sign in to My Account to register your e-mandate.

You don’t need to upload any documents. Keep these details ready and make sure they are accurate.

Your bank may ask for additional authentication. Use an account that supports e-mandates.

How do you check your e-mandate status?

1. Sign in to My Account with your registered mobile number and complete the verification.
2. Select your loan account or SDP.
3. View your linked bank account and your current e-mandate status.
4. If the mandate is pending, inactive or needs an update, follow the instructions shown to complete it.

You can also check active mandates in your bank’s digital channels, if your bank offers this.

What can go wrong during registration?

Your bank may charge a fee to register an e-mandate, and the amount depends on the bank. Confirm it with your bank before you submit.

Registration is complete only when your bank confirms it. Until then, don’t assume automatic payments will work. Track your due date and pay another way, so you don’t miss an instalment.