What is NACH (National Automated Clearing House )?
National Automated Clearing House (NACH) is a form of Electronic Clearing Service (ECS) which is available with core-banking enabled bank branches in India. NACH has primarily two variants viz. ECS Credit and ECS Debit. The facility is used by the bank customers for automatic debit to their account every month to pay certain bills like … Continue reading What is NACH (National Automated Clearing House )?
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