This is with reference to notice nos. 20200924-23 dated September 24, 2020 in respect of update on introduction of NACH E-Mandate through Net-Banking /Debit Card based authentication.
As per the information received from our service providers, majority of nationalised as well as private banks have enhanced the ENACH Net banking and Debit card mandate limit to Rs. 50 lakhs.
Members are hereby informed that BSE StAR MF Platform has accordingly enhanced ENACH mandate limit to Rs. 50 lakhs.
However, members are requested to note that if destination bank of investor has not enhanced the limit, such mandates may get rejected from the destination Bank. The status received thus shall be updated on BSE StAR MF platform.
For any further queries in this regard, kindly connect with our helpdesk team on 022-45720450 or You can also raise your queries on our CRS portal :- https://bsecrs.bseindia.com