Learn how NACH automates recurring payments for EMIs, bills, and subscriptions. Understand its meaning, features, types, and key benefits. NACH is a web-based platform for interbank, high volume, electronic transactions. Learn the objectives, advantages, and functions of NACH for banking awareness exams. We would like to show you a description here but the site won’t allow us. Full Form of NACH NACH stands for National Automated Clearing House. NACH System can be used for making bulk transactions, which are made to disburse the funds towards subsidies, dividends, interest, salary, pension, etc., and NACH is also used for bulk transactions towards the collection of payments or charges which occur periodically on telephone, electricity, water, loans, premium, etc. Features of NACH 1. Make Bulk Transactions: The NACH System is extremely useful in making bulk ...
