Customer will be directed paycorp.io’s eSign Mandates Service Provider (ESP) to accept consent and enter the Aadhaar Number/VID. Customer will enter the OTP received on the registered mobile number provided to the UIDAI to complete the KYC verification.
Mandate details will be digitally signed after successful KYC verification by ESP.
Signed eSign Mandate will be submitted to NPCI through Corporate’s sponsor bank
7. NPCI will send the eSign Mandate details to customer’s bank to verify and accept the eSign mandate
E-Mandate is set up successfully Unique Mandate Reference Number (UMRN) is assigned for future reference.