IDBI Bank introduces e-NACH (Electronic National Automated Clearing House) registration—a fast, automated, and error-free process designed to enhance customer convenience. With real-time registration, customers can set up their mandate quickly, ensuring seamless loan repayments without manual intervention.
Streamlined Loan Repayment Process
Before the disbursement of Structured Retail Asset (SRA) loans, e-NACH registration is completed to ensure timely recovery of EMIs/Pre-EMIs on the due date. This proactive approach helps in reducing the bank’s Special Mention Accounts (SMA) figures, improving overall financial efficiency.
Secure and Convenient e-Mandate Registration
Customers can easily register for e-NACH through the IDBI Public Domain by verifying their Customer ID. The authentication process is secured with two-factor authentication (2FA) using:
✔ Net Banking
✔ Debit Card
How it Works?
Flow Diagram
e-NACH Features
Pre-Account Opening Registration: e-NACH registration is processed based on ALPS reference number before loan account creation in Finacle.
Easy Customer Registration: Branch/RAC users can share the e-NACH mandate registration link via SMS, WhatsApp, or Email: https://enach.idbibank.co.in/ICONENACH/
Auto-Fetched Data: All required NACH registration details are automatically retrieved from ALPS/Finacle, ensuring accuracy
Secure Validation: Borrowers authenticate using Net Banking or ATM Debit Card of the destination bank to complete registration.
Experience a seamless and secure digital banking journey with IDBI Bank’s e-NACH registration ensuring timely payments and financial peace of mind.
