LIC Nach Mandate Form 2023
National Automated Clearing House is a centralized system that enables bulk payment by government departments, private firms, corporate houses and all other institutions. NACH has been introduced as per RBI mandate to streamline transactions at large volumes such as monthly remuneration, salary processing or any other massive payments. Daily transactions like bill settlement, depositing EMI, personal loans etc are also made using NACH.
This is a LIC Nach Mandate form issued by the Life Insurance Corporation of India and this form can be obtained from the concerned branch of LIC or it can be downloaded from the link given below. The main advantage of NACH mandate form is that it allows for all interbank transactions and bulk payments notwithstanding geographical constraints.
Details to be mentioned in LIC Nach Mandate Form 2023
- Policy Number
- Name of the Policyholder
- Bank Name
- Bank Branch Address
- Account Type
- And any other Information
LIC Nach Mandate Form – Used by Customers as follows
- Customers who have already registered the request for eNACH will be able to view and verify the particulars already captured. Kindly check the details displayed before validating the same. If any change in bank account number captured at branch is required, the same can be done now.
- All other customers can both register and validate the e-NACH mandate using this facility as a continuous process
- On collecting required data, validation of bank account will be done online with net banking or debit card
Documents Required For LIC Nach Mandate
- LIC Nach Form
- Cancelled cheque leaf with name and account number printed
- And any other documents
You can download the LIC Nach Mandate Form in PDF format using the link given below.