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Nach News

RBI New Rule- Be Extra Careful When Issuing Cheque For Payment Or Else Bear Penalty

As per the RBI rules, NACH or National Automated Clearing House has been made available on all days from August 1, 2021. Consequently, NACH will be available on all 7 days of the week. The central bank on ...

8 Personal Finance Changes To Come Into Effect From August 2021

Every month some or the other developments effect some changes which may impact an individual's life so here we list some of the changes that should be known to you for your convenience and hassle free personal financial transactions:{photo-feature}...

NACH To Be Available On Weekend As Well As Bank Holidays From August 1

The RBI today said that for recurring payments such as EMIs, salary or mutual funds, NACH or National Automated Clearing House shall be available on all days including weekends and holidays beginning August 1, 2021. "NACH has emerged ...

PFRDA Allows NACH Mandate For NPS Transactions

Pension Fund Regulatory and Development Authority (PFRDA) in respect of the pension scheme administered by it i.e. NPS has allowed NACH or National Automated Clearing House mandate to overcome the varied problems concerning fund transfer. Now through this advancement or NACH ...

What is NACH Payment? What Are The Benefits Of NACH To Customers, Banks, And Organizations?

NACH, which is now available on bank working days, is proposed to be made available on all days of the week beginning August 1, 2021, in order to improve client convenience and leverage the 24x7 availability of RTGS. What Is NACH? ...

7 Technologies Which Made Banking Super Easy

The banking sector in India is never behind in adapting fresh technology. With Prime Minister Modi pushing Digital India, there is vast development happening in each sector. In recent years, banks have adapted to new technology which has made banking more ...

Why NACH Is Better Than ECS For Doing SIP?

Beginning from March 2016, investors in Systematic Investment Plans (SIPs) of Mutual funds can use the National Automated Clearing House (NACH) system for SIPs every month in place of Electronic Clearing Service (ECS), which was earlier the norm. How the NACH ...