N.A.C.H
Our Bank Provide all Service under the National Automated Clearing House (N.A.C.H) |
National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporates and Government a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature. NACH System can be used for making bulk transactions towards distribution of subsidies, dividends, interest, salary, pension etc. and also for bulk transactions towards collection of payments pertaining to telephone, electricity, water, loans, investments in mutual funds, insurance premium etc. |
Objectives of NACH |
The NACH system facilitates end-to-end processing of bulk electronic payment instructions with the following objectives: |
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