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National Automated Clearing House (NACH)
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Pharma Companies (Manufacturers) manufacture and sell pharmaceutical goods to a network of distributors who collect the requirements from the Pharma company, distribute them further to the Retailer (Chemist/ Pharmacy). The Distributors, post collection of the goods, pay the Pharma companies through RTGS, NEFT or through Cheque payments for the goods respectively. The Pharma companies face hindrances such as hiring teams to follow up with the distributors to ensure collections which requires man power and man hours. Also, payments done through cheque could have issues of cheque bouncing and long clearance time.
Introducing National Automated Clearing House (NACH) that facilitates interbank, high volume, electronic transactions which are repetitive and periodic in nature. Benefits: Robust system with high volume processing capability, cost effective, better liquidity management, one stop shop for push (credit) and pull (debit) transactions, corporate portability, Automated work flow, Response for all transactions for better reconciliation
Introducing National Automated Clearing House (NACH) that facilitates interbank, high volume, electronic transactions which are repetitive and periodic in nature. Benefits: Robust system with high volume processing capability, cost effective, better liquidity management, one stop shop for push (credit) and pull (debit) transactions, corporate portability, Automated work flow, Response for all transactions for better reconciliation
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