Canara Bank · statement narration
NACH MANDATE CHG
A charge for registering an auto-debit mandate on your account.
In plain English
A charge for registering an auto-debit mandate on your account.
Also printed as NACH CHARGES, MANDATE CHG, ECS MANDATE CHG, SI REGISTRATION CHG.
Hinglish mein
Auto-debit mandate register karne par lagne wala charge.
What it costs, including GST
Retail Banking Service Charges · Branch
₹177
₹150.00 before tax
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Canara Bank accounts; registration of a NACH one-time mandate. GST is additional.
Why it happened
A NACH or ECS mandate was registered against your account.
How to avoid it
Register mandates through digital channels where available, as banks often waive the fee there.