Instructions to fill the PayEezz form

1. Section A:

If you are an existing CAN holder, please mention the CAN and the first/sole holder’s name. If you are submitting the PayEezz along with a CAN Registration Form (CRF), please specify the PAN/PEKRN of the first/sole holder and/or the CRF no. if available, in the space provided. Once the CAN is generated, the same will be written by the Distributor/RIA/POS where you have submitted the PayEezz.

2. Section B:

These fields are FOR OFFICE USE ONLY.

  1. a. GORN (Group Order Reference Number) is a MFU system generated transaction reference number for the SIP Registration transaction in a single form, in case you have submitted the mandate along with an SIP Registration.
  2. b. MMRN (MFU Mandate Reference Number) is a MFU generated registration reference number for every PayEezz registered, in case you have submitted the PayEezz registration as a separate request.

In both the instances, Distributors/RIAs/POS registering the PayEezz will write these numbers in the form.

3. Section C:

This authorization has to be mandatorily filled and signed by the all the account holders in the bank account. In case the PayEezz cannot be registered under the NACH or Direct Debit mode due to any reason and has to be registered under ECS mode, such an authorization is required to be provided to the investor’s bank to enable them to honor the payments initiated by MFU to debit the investors account.

4. Section D:

The CAN holders have to sign in the respective space provided. A PayEezz will not be registered unless signed as per the Mode of Holding of the CAN and the signatures of the applicants match with the specimen signatures available in MFU records.

5. Section E:

All the fields in this section have to be mandatorily filled and signed by all the account holders in accordance with the mode of operation of the account.

  1. Date – Date of submission of the mandate to MFU for registration. If not mentioned, the mandate is liable for rejection.
  2. UMRN – This is FOR OFFICIAL USE ONLY. Investors/Distributors/RIAs/POS should not write anything in this field
  3. Sponsor Bank Code - This is FOR OFFICIAL USE ONLY. Investors/Distributors/RIAs/POS should not write anything in this field
  4. Utility Code - This is FOR OFFICIAL USE ONLY. Investors/Distributors/RIAs/POS should not write anything in this field
  5. Account Type – Please tick the type of your account
  6. Bank Account Number – Please write your bank account number
  7. Bank Name – Please write your bank name
  8. IFSC – Please write the IFSC code of your bank. This will be available in the cheque book or you can check with your bank branch
  9. MICR – Please write the MICR no of your bank branch. This is a 9 number available in the cheque book next to the instrument number in the bottom portion. For example, 400240002. You can also check with your bank branch in case you have any doubts
  10. Amount in words – Please specify the Maximum Amount limit (in words) you want to set in the PayEezz. You can set up the PayEezz for any amount. This is the per day limit for all the cumulative debits made to the account
  11. Amount in figures – Please specify the Maximum Amount limit (in figures) you want to set in the PayEezz. You can set up the PayEezz for any amount. This is the per day limit for all the cumulative debits made to the account
  12. CAN – If you already have a CAN and are registering the PayEezz under that CAN, please specify the same here. Else, if you are submitting the PayEezz along with a CRF, the Distributor/RIA/POS to whom you have submitted the documents will write the same here after CAN creation
  13. Phone – Please specify your landline or mobile number
  14. GORN – This is a MFU system generated transaction reference number for the SIP Registration transaction in a single form, in case you have submitted the mandate along with an SIP Registration. Distributors/RIAs/POS registering the PayEezz will write this number in the form
  15. Email ID – Please specify your email address
  16. Period From – Please mention the from date from which the mandate has to be registered. If not mentioned, the mandate is liable for rejection.
  17. Period To – Please mention the To date till which the mandate has to be registered. Else, tick 'Until Cancelled' check box. If either of them is not mentioned, the mandate is liable for rejection.
  18. Signatures – The names of all the account holders have to be written and their signatures have to be made. These signatures will be verified by the bank and if there are any differences with the specimen signatures as available with the bank, the mandate is liable for rejection.

Please go through the instructions behind the form before fill the same. In case of any doubts/clarifications, you can call our Customer Care at 1800-266-1415 or +91 22 2584 6363 or write to us at clientservices@mfuindia.com.