Banks or financial institutions use automated billing software to take their recurring payments. It can be SIPs, insurance premiums, monthly instalments, EMI auto-debit, utility bills, etc. E-NACH is an automated payment system governed by the NPCI and provides convenience to both customers and businesses. It requires the consent of customers for auto-debited, and they will not be required to pay their bills using traditional processes or miss their payments especially when it comes to loan EMI payments.