Para 15.8.2 — CAM

15.8.2 NEFT/RTGS mandate form has the same validity period as that of CRN printed on it. The CRN generated at the portal shall be incorporated in NEFT/RTGS mandate form in “Beneficiary Account Number” field. The RBI would provide for suitable validations for this field. In case of NEFT/RTGS payments, there shall also be a disclaimer on the challan copy of the mandate form that the payment through NEFT/RTGS is a transaction between the tax payer and her bank and the payment is deemed to be received by the government only when the amount is credited to the designated account in the RBI as per settlement cycle of RBI for NEFT/RTGS transactions. The payments in this mode would be permitted only against Internet