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Corporate Laws Central Ministry of Finance Payment and Settlement Systems Act, 2007

NPCI issues Mandate Management - Feature Enhancements in Version 3.0

17-Sep-2025 | NPCI/2025-26/ADV/001

National Payments Corporation of India (NPCI) has introduced a new upcoming upgrade NACH 3.0 Mandate Management System (MMS) effective from 19th September 2025. This upgrade will be applicable to banks, corporates, and government departments. Aim of the upgrade is to enhance mandate search and document access, streamline operations, strengthen data security, and ensure alignment with evolving regulatory and operational standards. Key Features of the Upgrade: a. UMRN Based Search Only - Mandates, including rejected ones, can now only be searched using the Unique Mandate Reference Number (UMRN). File name-based search and file downloads are discontinued. b. No More File Downloads - The system will not provide or retain Extensible Markup Language (XML) files once processed. Banks and corporates must manage and store mandate-related XML files themselves. c. Mandate Data Access - Mandate data can be downloaded in Excel or Comma-Separated Values (CSV) format for reporting and analysis. Images of mandates will remain accessible via UMRN-based search. For more information, please refer to the official document.

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Corporate Laws

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Notification regarding Central Motor Vehicles (Twelfth Amendment) Rules, 2026

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