General Studies · NACH Mandate Management
In the NACH system, what happens after a mandate amendment or cancellation request is forwarded to the destination bank?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The request is sent back to the sponsor bank for final processing.
- 2The customer is immediately notified, and no further verification is required.
- 3The mandate record is updated after validating the customer details at the destination bank.✓
- 4The request is automatically approved and processed without further verification.
Correct answer
The mandate record is updated after validating the customer details at the destination bank.
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