NACH

NACH, or National Automated Clearing House, is a government-approved system in India used for electronic fund transfers. It facilitates safe, efficient, and automatic transfer of money from one bank account to another, often used for recurring payments like salaries, utility bills, or loans. NACH reduces the need for physical transaction methods, speeds up payments, and minimizes errors. It operates through a centralized platform managed by the National Payments Corporation of India (NPCI), ensuring secure and reliable processing for individuals, businesses, and government agencies.