E NACH

eNACH stands for Electronic National Automated Clearing House. It is an electronic payment system that enables individuals and organizations to automate their recurring payments, such as loan repayments, insurance premiums, and utility bill payments. The eNACH system is managed by the National Payments Corporation of India (NPCI) and is integrated with the National Automated Clearing House (NACH) platform.

The eNACH system works by allowing customers to provide their mandate to the bank, authorizing the bank to debit their account for recurring payments. Once the mandate is registered, the bank automatically debits the customer's account and transfers the payment to the designated recipient on the specified due date. eNACH is a secure and efficient payment method that eliminates the need for manual intervention, reduces transaction costs, and enhances the customer's convenience.