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What is meant by NEFT mandate?

SUBMITTING NEFT MANDATE FORM. The payment under your policy/ies will be to be credited, directly to your Bank account through electronic mode of payment only. For this purpose, we require your bank details for making the policy payment through NEFT (National Electronic Fund Transfer).

Can I fill NEFT mandate form online?

You can register for the NEFT mandate online through LICs official website and can also track the status of your application. Since this system requires electronic fund transfer, customers should be aware of all the terms and conditions and must take care while filling in their account details.

What is a NEFT mandate form?

NEFT mandate forms are submitted at the bank branch in case the policy holder or claimant of that policy wishes to receive the amount directly into his/her bank account through electronic fund transfer. This form holds the details both personal as well as bank details to make the transfers into the correct account.

What are the mandatory details for NEFT?

The remitter has to provide details of beneficiary such as, name of the beneficiary, name of the bank branch where the beneficiary has an account, IFSC of the beneficiary bank branch, account type and account number, etc. for addition of the beneficiary to his / her internet / mobile banking module.

Can I fill NEFT form online?

Click the button to generate the NEFT form to register NEFT details in LIC online. The Form contains all the details related to you ie your policy number, name, mobile number, email ID, and the bank details entered by you in the previous step.

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