Know What EasyMandate Is and How You Can Register for It!

What is an EasyMandate (E-Mandate)?

EasyMandate is a digital payment service introduced by the CBO and participating banks to streamline the payment process for companies and individuals. This service provides the infrastructure for firms to collect payments without manual intervention.

EasyMandate functions as a debit authorization, allowing banks to debit a specified amount from your bank account. It is a convenient way for companies and individuals to manage their scheduled payments. Previously, this mandate was available offline as a paper-based mandate with cheques only, but the online process has made it more convenient.

  1. Log in to BankDhofar Mobile Banking, Retail Internet Banking, or Corporate Internet Banking.
  2. Select the EasyMandate option and go to “Initiated by Others.”
  3. Review all personal details and click on the “Accept Mandate” option.
  4. Validate your bank account, mobile number, and email information. Read through the terms and conditions, then click on “Submit.”
  5. Enter the OTP received on your registered mobile number and click on “Submit.”
  6. Once authenticated successfully, the mandate will be registered with CBO instantly.

After completing these steps, your acceptance will be registered with your respective debiting banks. You can then view the BankDhofar EasyMandate status in your BankDhofar account. If needed, an organization or individual can cancel the mandate by submitting a request to the respective financial institution or mandate creator.

  1. Log in to BankDhofar Mobile Banking, Retail Internet Banking, or Corporate Internet Banking.
  2. Select the EasyMandate option and click on create mandate.
  3. Enter all debit party details and click on the “Create Mandate” option.
  4. Validate the details provided you, then click on “Confirm.”
  5. Once submitted successfully, the mandate will be registered with CBO instantly.

After completing these steps, your mandate creation will be registered with your respective debiting/crediting banks. You can then view the BankDhofar EasyMandate status in your BankDhofar account.

Registering with BankDhofar or any other financial institution for EasyMandate offers several benefits:

  • Organized Payment Process: EasyMandate enables banks to debit funds from your account based on the accepted mandate, organizing your periodic payments like EMIs, investments, rent, and more.
  • Increased Transparency: The entire registration process is online, enhancing transparency. There are no hidden charges, boosting credibility.
  • Customer Attraction: EasyMandate simplifies the payment process for companies, ensuring timely fund collection and reducing the hassle of chasing customers for payments. This automated system increases convenience and attracts more customers.
  • Simple Online Processing: The online mandate registration process is straightforward and hassle-free. You can create or accept it via the BankDhofar website and approve it using your bank account, eliminating worries about making or receiving payments.
  • Secured Facility: EasyMandate is a secure transaction method, guided by the latest CBO regulations.

EasyMandate (E-Mandate)

To be eligible for EasyMandate, you must:

  • Have a valid bank account with access to digital applications like mobile banking, Retail Internet Banking, or Corporate Internet Banking.
  • Ensure the financial institution can initiate E-Mandate from their respective bank’s platform.

  • A bank account
  • Online banking access
  • A registered and working mobile number linked to your bank account.

Alongside learning the eligibility and documents, you should also understand the reasons behind the rejection of an E-Mandate request. Here are the details:

  • If your bank does not provide E-Mandate service.
  • If you enter incorrect bank account details.

The EasyMandate process has two classifications that allow it to work both ways:

  1. E-Mandate: Similar to the paper-based mandate, an OTP-based E-Mandate ensures that you receive or make all your payments on time and automatically. E-Mandate can be created and accepted in very steps using BankDhofar Mobile Banking and Retail Internet Banking.
  2. Paper-Based Debit Mandate: After approval by both the receiver and initiator, this mandate allows banks to debit the required amount from your account periodically for various payments. For instance, if you have a monthly installment of OMR 1,000, the bank will deduct this amount every month for this investment purpose, reducing the chances of missing payments. Currently paper based mandate creation is available through BankDhofar Corporate Internet Banking and branches.

 

Creating and accepting an EasyMandate lets you skip the headache of remembering each payment and avoid late fees. However, before accepting, you should thoroughly review the terms and conditions to make an informed decision.

For any inquiries regarding EasyMandate, feel free to contact customer care.

EasyMandate, or electronic mandates, facilitate the automatic and recurring transfer of funds from a customer’s bank account to a service provider, lender, landlord, or mandate creator, authorized through digital consent. When setting up an EasyMandate, customers authenticate the process using internet banking with additional security steps such as OTP (One-Time Password) verification. Once authorized, the EasyMandate enables regular payments without manual intervention, ensuring timely transactions for loans, subscriptions, rents, or utility bills.

EasyMandate streamlines payment processes, reduces administrative tasks, and minimizes the risk of missed payments. They are governed by regulatory frameworks to ensure secure and transparent operations, enhancing customer convenience and financial management.

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