For Retail Loans:If your loan is ActiveIf your loan is still active, we would request you to reconsider your decision until any other mode of loan EMI repayment is registered with us. Mandate cancellation without any other repayment mode may result into EMI bounce, Negative impact on your credit rating as well as levy of late payment charges and NACH mandate rejection charges.You may cancel the mandate / debit instrument directly with your bank by requesting them to stop/cancel the mandate. Such withdrawal instruction would be treated equivalent to a ‘stop payment’ instruction in cheque clearing system.If your loan is ClosedOnce your loan is closed with us, we will ensure that your NACH mandate is not presented to your bank for any further EMI payment against your closed loan. In case you decide to avail another loan from Tata Capital, this NACH mandate can be used for easy repayments of your future loans with us.For Home Loans/Loan Against Property:If your loan is ClosedOnce your loan accounts are closed in our records and NOC is handed over to you, we will ensure that your NACH mandate submitted to TCHFL towards the closed loan accounts is not presented to your bank for any further EMI payment against your closed loan.