- I agree for the debit of mandate processing charges by bank whom I am authorizing to debit my account as per the latest schedule of charges of bank.
- This is to confirm that the declaration has been carefully read, understood and made by me/ us.
- I am authorizing the User entity/ Corporate to debit my account, based on the instruction as agreed and authorized by me.
- I have understood that I am authorized to cancel/ amend this mandate by appropriately communicating the cancellation/ amendment request to user entity/ Corporate or the bank where I have authorized the debit.
- The maximum validity of NACH mandate is 30 Years. If the policy's premium paying term is greater than 30 years than we will need another mandate before the end of 30 Years.