This is further to our Notice No. 20150522-42 dated May 22, 2015 regarding “Introduction of NEW NACH/ECS Mandate Form for XSIP Facility.” MFIs/MFDs/RIAs are hereby informed that we have now given facility for members to shift their XSIPs registered among the mandates (Physical/Scan/Emandate).
Manual as well as bulk upload facility both have been made available for members. Once the XSIP Registrations are shifted to the new mandate ID, the next collection shall happen from the new mandate ID.
The conditions to shift the XSIPs among the mandates are given below :
- XSIP Registrations, which are ACTIVE, will be allowed to shift
- Target mandate status should be “APPROVED”.
- Only 7 working days after and prior to the due date of the SIP.
Manual Entry :
Menu Path : Systematic Plan > Mandate > Mandate Shift Manual
Bulk Upload :
Menu Path : Systematic plan > Mandate > Mandate Shift Upload
Bulk upload format (pipe separated file) :
Member Code|Client Code|XSIP Registration no.|From Mandate ID|To Mandate Id
Report is available in the member login to check the shifting of mandate.
Menu Path: Daily Downloads > XSIP/ISIP > Mandate Shift Report
|
Member Code
|
Client Code
|
Client Name
|
XSIP Regn No.
|
Regn Date
|
AMC Name
|
RTA Scheme Code
|
Scheme Name
|
Installments Amt
|
From Mandate ID
|
To Mandate ID
|
Updated On Date
|
Updated By
|
Note: XSIP registered for which the E-mandate is approved after 25/09/2018 and which are active, can be moved to another approved NACH mandate using this functionality.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Assistant General Manager – Mutual Funds |