National Automated Clearing House (NACH) was implemented by National Payments Corporation of India to facilitate high volume electronic transactions which are repetitive and periodic in nature. It is an automatic electronic mode of fund transfer that allows you to make payments like electricity/water/any service bills, dividend interests distribution, SIP investments, etc.
Modified on: Fri, 9 Dec, 2016 at 1:30 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.