Download - LIC NACH FORM - GUIDELINES TO FILL THE FORM
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Do’s & Don’ts
of
NACHNACH
for
Agents & D.O’sNvM
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Use Original Form
Xerox Copies Not Allowed
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Separate Form
For Each PolicyFor Each Policy
5 Policies 5 Forms Required
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Cancelled Cheque
OrOr
Passbook Copywith
A/C Holder Name, A/C No, IFSC Code etc
XEROX COPY must be CLEAR one showing above details
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Core Banking
Account Number(As per cheque book or Passbook)
(Write from the Left Most Block)(Write from the Left Most Block)
(Minimum 9 Digits & Maximum 20 Digits)
Start
From
Here
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Write
Core Banking
A/C NoA/C No
Including
Initial Zero’s
must be written
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Tick Create Boxforfor
New Business
&Conversion form Ordinary to NACH
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Pay
2 Premiums2 Premiums
for
Monthly
Mode Cases
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Don’t FillAmount & UMRN NumberAmount & UMRN Number
Don’t
FILL
Don’t
FILL
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For
New Business Cases
Policy NumberPolicy Number
&
Amount
will be filled by NB officials
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Mobile Number
of
Customer Customer
is
COMPULSORY
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Period From
Current Date
Date of Commencement
Current Date
Date of Commencement
Date of Alteration
(Always Prior to NACH Debit Date)
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Automatic
Debit Date OptionsDebit Date Options
7th / 15th / 22nd / 28th
LIC DOC dates available ONLY between 1st and 28th of Every Month
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System Generated
D.O.C DEBIT Dates
1st to 7th 7th1st to 7th 7th
8th to 15th 15th
16th to 22nd 22nd
23rd to 28th 28th
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Customer Inputs
NOT REQUIRED
for
Pre-Ticked ColumnsPre-Ticked Columns
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NACH Forms
Scanned & Uploadedby Sponsor Bank in NPCI Websiteby Sponsor Bank in NPCI Website
UMRN No will be allotted by NPCISoft Data forwarded to Destination Bank
for Validation
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Destination BankCharges Fee Per Policy for Validation
from Customer A/C
Required Bank Balance = NACH Amount + Fee for Validation
No Sufficient Funds for Fee
will
Lead to Mandate Rejectionwith Remark
Required Bank Balance = NACH Amount + Fee for Validation
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Mandate Rejection
By
Destination BankDestination Bank
for
Other Reasons
(A/C Closed / A/C Transferred / No Such A/C / Miscellaneous )
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Acceptance of Mandate
Informed
By Bank to LICBy Bank to LIC
through
Soft Data
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LIC ECS Centre
will
InformInform
Customer
By
SMS
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Rejection of Mandate
informed by
Destination BankDestination Bank
to customer
by
SMS & Email
SMS
to
Agent
Only for
Rejection
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In case of Rejection
Customer must Find Customer must Find
Reason for Rejection
Take Necessary Action
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Contact
Policy Servicing DeptPolicy Servicing Dept
Submit Fresh Mandate etc…
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NACH MANDATE FORM
Do NotDo Not
Staple / Roll Up
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NACH FORM
==
CHEQUE LEAF
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In Case of Any Queries
Please Contact
MASH of Your Division
Or
sz_ecs@licindia .com of (Your Zone)
nz/scz/ez/cz
wz etc
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NPCI = National Payment Corporation of India
NACH = National Automated Clearing House
UMRN = Unique Mandate Registration NumberUMRN = Unique Mandate Registration Number
Destination Bank = Customer Bank
Debit Date = Date on which Amount is withdrawn
MASH = Metro Area Servicing Hub
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N = No Problem
A = AgentA = Agent
S = Servicing
H = Help Line
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Wishing You ALL
Successful
NvM