Managing multiple payments like EMIs, SIPs, or monthly bills – can often feel overwhelming. This is where eNACH (Electronic National Automated Clearing House) steps in as a secure and seamless way to automate recurring payments.
Let’s break down what eNACH is, how it works, and why it’s becoming the preferred choice for millions of users.
What is eNACH?
eNACH is a digital payment system introduced by the National Payments Corporation of India (NPCI) that enables automatic recurring transactions directly from your bank account. Simply put, it’s an online NACH mandate that replaces the old manual process of signing physical forms.
Whether it’s repaying a loan EMI, contributing to a SIP, or paying your insurance premium, eNACH ensures funds are debited on time, without you needing to remember due dates.
How does eNACH work for EMIs & SIPs?
Here’s how the process flows:
- Mandate Setup – You authorise a lender, mutual fund, or service provider by creating a digital NACH mandate through your bank or UPI-enabled net banking.
- Authentication – Verification is done instantly via net banking or debit card authentication.
- Auto-Debit – On the due date, the specified amount is automatically debited from your bank account and credited to the service provider.
This automation ensures that EMIs and SIPs are paid consistently, avoiding late fees, missed installments, or disruptions to your investment journey.
Benefits of eNACH over Manual Payments
Unlike manual transfers, cheques, or reminders, eNACH offers:
- Convenience: Set up once and forget about payment deadlines.
- Error-Free Transactions: Removes the risk of human error in manual payments.
- Timely Payments: Ensures EMIs and SIPs are paid without delays.
- Paperless & Fast: Entire process is digital with instant verification.
- Improved Credit Health: Regular EMI payments help maintain a strong credit score.
Is eNACH Safe? Security & RBI Guidelines
Yes, eNACH is completely safe. It operates under strict RBI guidelines, ensuring banks and institutions follow standardised protocols for security and transparency. All transactions require two-factor authentication, and only pre-approved amounts within the mandate are debited.
This means your money is protected, and no unauthorised transactions can take place without your consent.
How FatakPay Simplifies eNACH for Users
At FatakPay, we make adopting eNACH effortless. From setting up your auto-NACH mandate online to ensuring seamless EMI repayments for instant personal loans, our platform removes complexity and puts control back in your hands.
With just a few clicks, you can create a mandate, track payments, and enjoy a stress-free repayment experience, without worrying about missed deadlines or penalties.
Whether you’re repaying a loan or investing regularly, eNACH is the smarter, safer way forward. By automating your financial commitments, you gain peace of mind and better control over your money.
Take control of your finances with ease — automate your loan repayments and EMIs through eNACH on the FatakPay app. Enjoy hassle-free, secure, and timely payments every month. Set up your eNACH mandate with FatakPay today!
