What is SI Mandates?


Convenience and control are the constant endeavors of humans. They drove humans from our early nomadic lives through agriculture, industrial revolution till today’s digital age. Convenience and control over physical activities such as travel, heavy or hard labor were of predominant focus. While advancements in this area continue to occur, today convenience and control of the intangible are taking center stage.

Be it controlling access to our personal data, or selling to our customers, or managing our assets at different geographies, we seek the convenience and control of managing all these tasks to be detached from where we are present physically.


Individuals and businesses alike now seek the convenience of their home or home office to conduct their duties. Finance management is an important aspect that almost no one can escape. The complexity of it grows with the size of the finance. It is quite common for someone to have financial accounts at multiple banks to satisfy specific purposes. A bank account dedicated to managing school fees and tuitions. Another account for credit card auto-payment on due dates, so on and so forth. Similarly, it is common for businesses to have accounts with different banks dedicated to different purposes. A bank account to pay for all communication and cloud charges. Another bank account to pay for employee salaries.

Managing such payouts means accessing the corresponding banking systems to set up the respective payments. Imagine instead, one could use any one bank as the controlling channel to set up payouts from any of their bank accounts. That’s both convenience and control, isn’t it?

SI Mandates

SI Mandates is one such option. Let’s understand payment mandates briefly. Payment mandates are banking instruments that bank account holders use to authorize a specific entity to debit their account repeatedly for an agreed period at a specific frequency for a specific value. Mandates can be issued by account holders to debit their own account and credit another entity’s accounts as well. There are different types of mandates and SI mandate is one such type. To know more about different types of payment mandates, please check www.paycorp.io. You may also find detailed material at www.npci.org.in.

SI mandates address the specific requirement of convenience and control by allowing users to set up payment mandates from any one bank as a channel. The user can set up the mandate from this channel bank to debit his account and credit recipient at another bank. The option is available for both individuals as well as corporates. This offers the flexibility to avail services of 3rd party ACH providers to set up mandates on behalf of their customers. Third-party payment service providers can receive SI mandates from their customers, route them through their sponsor bank, and set up the mandates between the two bank accounts identified in the mandate.


E-NACH payments allow reliable means for setting up and enabling recurring payments between payers and recipients. The essential components of E-NACH payments include (a) confirming KYC and financial details of the payer, (b) setting up the legal obligation for payment between the two parties through mandate set up with their respective bank (c) executing this obligation. As requirements for recurring payments evolve, newer mechanisms are being introduced. SI Mandates is the latest such payment mechanism.

Pacorp Solutions specializes in managing recurring payments for multiple different industries including banks, NBFCs, Digital Lenders, EdTech.