rupee   National Automated Clearing House (NACH)

Overview
  • 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
Features
  • 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
  • Direct Benefit Transfer (DBT) program helps to transfer subsidies directly to bank account based on Aadhar linkage in our branches
  • Aadhar Payment Bridge System (APBS) helps to transfer subsidies and Govt. Scheme funds directly to bank account based on Aadhar linkage in our branches
Benefits
  • Through DBT, crediting of subsidies to bank accounts may reduce the leakages and delay in disbursment of all govt. transactions
  • Customers may get benefit of various Govt Schemes - NREGA, PMKISAN,Social Security Pension, other Central & State Govt. schemes
Rates & Charges
NIL
How to register ?
  • Please contact your home branch for linking Aadhaar to your bank account.
Designed by Yaswanth Gupta Bondada & Raghav Vellore