Free e-NACH setup options?

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Deal Cadet
gischethans

I have CCs from ICICI, Axis, IDFC and HDFC. While I pay them manually through HDFC Billpay (wife's account) for rewards with a Platinum debit card, as a failsafe I like to have auto-debits in place. However, I only have an ICICI account and I have auto-debit set up for my ICICI cards. 

Though e-NACH appears to be the solution, I don't want to pay setup charges for the same which every bank except Paytm seems to charge. And Paytm is not an option anymore for these things. The other bank accounts I have are SBI and Kotak.

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Deal Subedar Deal Subedar
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SBI and Kotak both charge one time charges to setup mandates.

I heard HDFC doesn't. Maybe someone here can confirm.

Deal Cadet Deal Cadet
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Almost all normal savings accounts levy charges for mandate setup. Only salary accounts don't do that. Using ICICI salary acnt & no charges so far

Deal Cadet Deal Cadet
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I decided to take a risk and registered multiple mandates on my ICICI Gold Savings Account. It has been nearly 10 days and I have not been charged yet. I hope it remains that way. Their service charges document states this - 

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But the wealth banking page specifically includes online - 

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Can u explain how this E-NACH works?

What happens if we pay using HDFC Bill Pay or some other way early?

Does it again deduct? Making it a double payment? If this is how it works is there any way we can cancel for that single payment?


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@gischethans can you answer above query plz

Deal Cadet Deal Cadet
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I remember reading somewhere that only the balance amount gets deducted in such cases provided the earlier payments are already credited. As I have not tried it, cannot speak from experience. 
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