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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.
National Automated Clearing House (NACH)
National Automated Clearing House (NACH)
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