NACH (National Automated Clearing House) is a centralized payment system introduced by the National Payments Corporation of India (NPCI). It helps banks, financial institutions, and customers process bulk transactions — such as salary credits, loan EMIs, bill payments, insurance premiums, and subsidies — securely and efficiently.
Key Objectives:
- Fast and automated fund transfer system
- Highly secure and reliable platform managed by NPCI
- Enables both debit and credit transactions
- 24×7 seamless processing with accurate reconciliation