- TRIPURA STATE CO-OPERATIVE BANK LTD.
(A SCHEDULED BANK)
Tripura State Co-operative Bank Ltd is live in MMS (Mandate Management System) .
We offer MMS service for our customers for convenient & hassle free EMI deduction. Works with all Banks within India.
Key features and functions of Mandate Management System:
- Mandate Creation:Allows for the creation of new mandates, where a customer authorizes their bank to deduct funds for regular payments to a specific beneficiary.
- Mandate Amendment: Enables changes to existing mandates, such as modifying payment amounts, dates, or beneficiary details.
- Mandate Cancellation: Provides a mechanism for customers or beneficiaries to cancel a mandate, stopping automatic payments.
- MIS Reporting: Offers management information system (MIS) related to mandates, including creation dates, amendment history, and cancellation records.
- Integration with Payment Systems: Often integrates with existing electronic funds transfer systems like NACH to streamline payment processing.
- Security:Mandates are often secured with digital signatures and verification processes to ensure authenticity and prevent fraud.
- Quick Menu
