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What is meant by NACH payment?

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0 2023-08-11T09:51:06+00:00
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NACH stands for "National Automated Clearing House," which is a centralized electronic payment system used in India for interbank transactions. It is operated by the National Payments Corporation of India (NPCI) and facilitates the bulk processing of various financial transactions, such as:
  • Regular Payments
  • Bill Payments
  • Investment Transactions
  • Loan Repayments
  • Government Subsidies and Benefits
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