The National Stock Exchange (NSE) on August 24, 2026, has informed members that NPCI has revised the NACH Mandate Form, pursuant to which the revised mandate format will be applicable on the NSE MF Invest Platform from August 31, 2026.
The following has been stated:
Members are required to make the necessary changes to their systems and processes to implement the revised requirements. The existing NACH mandate formats will remain valid until September 30, 2026, and NACH Members should not reject mandates in the previous format during this transition period. From October 1, 2026, destination banks may accept or reject mandates in the previous format solely on the ground that they do not conform to the revised standard. Members have been advised to ensure timely implementation and inform all concerned teams.
[Circular Ref. No: 1596/2026]
