National Automated Clearing House (NACH)

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The AV explains how NACH platform facilitates the Banks, Financial Institutions, Corporates and Government to do interbank, high volume, electronic transactions which are repetitive and periodic in nature. NACH System can be used for making bulk transactions towards distribution of subsidies, dividends, interest, salary, pension etc. and also for bulk transactions towards collection of payments pertaining to telephone, electricity, water, loans, investments in mutual funds, insurance premium etc.
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You have to provide pdf in description box.

travelmiles
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I have one question: If as a Customer, I want to see all the NACH (Automated Home Loan, SIP payment, etc...) I approved. How can I do that? Please answer.

Bihari_Chaman
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used for recurring payments only??and amount which will be debited can vary?

akhilgupta
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Does this mean that customer can give permissions on run time as soon as he fills up e-mandate form?

abkyabacha
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why Purpose of debited some of rs 1000

bdpvsha