The National Automated Clearing House (NACH) is a centralised clearing service offered by the National Payments Corporation of India (NPCI) to banks, financial institutions, Corporates and Central and State Governments. The NACH service facilitates electronic automation of inter-bank high volume, low value debit and credit transactions, which are frequent and repetitive in nature, through the NPCI platform. It provides a unified and standardised framework of best practices that eliminates bottle-necks and challenges to electronic transmission for core banking services, at the local and national level

  • Creation of NACH repayment mandate through electronic mode using net Banking /debit card/ Aadhaar card.
  • Timely EMI Repayment
  • Removes effort of tracking due dates for debit transactions for customers
  • Assurance of transaction fulfilment based on automated authentication.
  • Eliminates need to manually redo repetitive transactions
  • EMI will be automatically be paid from the customer’s account by due date, without customer having to initiate or track the payment deadline

Note: e NACH & e Mandate through net banking /debit card/Aadhaar card is approved by RBI /NPCI.

Outward NACH Credit Transactions of Corporate

A solution for repeated payments implemented through NPCI initiated NACH. A robust platform to handle large volume of repetitive payments in hassle free manner. We as Sponsor Bank , initiates NACH Transaction files for distribution of funds on behalf of our Corporates registered for NACH services. NACH Credit is an electronic payment service used by an institution for affording credits to a large number of beneficiaries in their bank accounts for the payment of dividend, interest, salary, pension etc. by raising a single debit to the bank account of the User Institution (Corporate registered for NACH Services).

Benefits

  • Timely disbursal of salaries, dividends, subsidy etc
  • Facilitates automatic credit of variable benefits like allowances, scholarships etc

Outward NACH Debit Transactions of Corporate

A solution for repeated payments implemented through NPCI initiated NACH. A robust platform to handle large volume of repetitive payments in hassle free manner. We as Sponsor Bank, initiates NACH Transaction files for collection of funds on behalf of our Corporates registered for NACH services. NACH (Debit) facilitates the Corporate for collection of telephone / electricity / water bills, cess / tax collections, loan instalment repayments, periodic investments in mutual funds, insurance premium etc., that are periodic or repetitive in nature and payable to the User Institution (Corporate registered for NACH Services) by large number of customers etc.

Benefits

  • Automated processing and exchange of mandate information electronically with well-defined timelines for acknowledgement/confirmation
  • Hassle free collection or funds payment of bills /instalments /premium without remembering the due dates