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Monday, June 18, 2012

FAQs on MCA Payment Process

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1. What are the different modes of payment available for making MCA fee payments?
The different modes of payment available are:
Credit card/ Debit Card (Pay online)
Net Banking (Pay online)
Challan (Generate the Challan online, fill it and deposit it off-line at an authorized bank branch)
NEFT
Pay Later
2. Which all banks provide Credit Card facility for making MCA fee payments?
All types of Visa and Master card issued in India are accepted.
3. Which all banks provide Net banking Payment facility for making MCA fee payments?
Net banking payment facility of following bank is available on MCA Portal
Punjab National bank
State Bank of India
ICICI Bank
HDFC Bank
Indian Bank
Union Bank of India
4. Are Debit Cards accepted for making MCA fee payments?
Yes, Debit Cards are accepted. Following banks / institutions have implemented debit card (Visa) acceptance on the payment gateway:
Andhra Bank
Axis Bank Limited
Barclays Bank Plc
Canara Bank
City Union Bank Limited
Corporation Bank
Deutsche Bank AG
GE Money Financial Services Limited
HDFC Bank Limited
ICICI Bank Limited
Indian Overseas Bank
Kotak Bank (Virtual card)
Standard Chartered Bank
State Bank Of India
Syndicate Bank
The Federal Bank Limited
The Karur Vysya Bank Limited
5. Where can I make MCA Challan Payments?
Selected branches of the following five banks have been authorized for accepting MCA Payments:
Punjab National bank
State Bank of India
ICICI Bank
HDFC Bank
Indian Bank
6. Can I make Challan payments at any branch of the five approved banks?
No, only selected branches of the five banks have been authorized for MCA payments. The details of these branches are available on the MCA portal.
In case payment is made at any bank branch which is not authorized to receive the payments on behalf of MCA, then it shall not be valid and the payment shall not be accounted for.
7. How long does it take for Cheque/ DD payments to get updated in MCA21 system?
It takes 3-4 days for banks to realize the payment made against an instrument. After realization of the payment, the same is reported by the respective banks on the next working day. Thereafter, the status is updated on the MCA portal.
8. How long does it take for Cash payments to get updated in MCA21 system?
It takes approx. two working days.
9. I made cash payment/ deposited a Cheque or a DD after the Challan expiry date and it was accepted by the bank. The payment status is still not updated on MCA portal. What should I do? If the Challan was accepted by bank, the status should be updated.
Since the payment was made after expiry date, it cannot be updated. If the bank has accepted the payment, it would be rejected by MCA. In such a scenario, approach the bank branch where you made the payment and seek refund for it. User should verify that the Challan has not expired while making the payment at the bank.
10. Does MCA levy any additional service charge on online payments?
No, MCA does not levy any additional service charge on online payments.
For Credit / Debit Card Payments, user/ compliance seeker needs to pay ICICI Bank a convenience fee charge of 2% and UBI a convenience fee charge of 1.6% on transaction value.

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