Step 1: Login to the Velocity portal
Step 2: Click on the Repayment Tab
Step 3: Click on the Setup Now button
Step 4: Fill in the bank details
Step 5: Bank details will be auto populated if bank details are updated at the time of the agreement stage
Step 6: Click on Add new Bank Account Tab to register a new bank account
Step 7: Post that click on the Next button, a screen with the Beneficiary name will pop up, and then it will redirect to the Razorpay portal
Step 8: Once we get the NACH registration confirmation from Razorpay, it will display on the repayment Tab with status (Active and Pending)