Mandate Management System (MMS)

Mandate Management System (MMS)

Mandate Management System (MMS) is an essential part of National Automated Clearing House (NACH) service. The Mandates are necessary from the regulatory perspective in order to process NACH transactions. As a step towards streamlining the process and making it more customer and participant -friendly, it is proposed to implement the MMS, where mandate information is captured on a standard cheque like mandate form

Solution Overview;

Mandate Management Solution (MMS)
National Automated Clearing House (NACH)

National Payment Corporation of India has embarked upon streamlining the various payment systems across the country and usher in best practices. Their mission statement in their vision document for 2012-2015 reads as under:

“To ensure payment and settlement systems in the country are safe, efficient, interoperable, authorized, accessible, inclusive and compliant with international standards.”