NACH (National Automated Clearing House)

byPaytm Editorial TeamLast Updated: November 14, 2025

Definition

NACH stands for National Automated Clearing House. It is an electronic payment system developed by the National Payments Corporation of India (NPCI) for bulk transactions like salary, pension, or EMI payments.

Use

NACH makes recurring payments automatic, fast, and paperless.

You May Also Like

Housing for AllLast Updated: January 29, 2026

Meaning Definition “Housing for All” is a national vision aiming to ensure every eligible citizen has access to…

Death BenefitNovember 6, 2025

Meaning The Death Benefit refers to the financial payout provided by an insurance policy after the insured individual’s…

Small CapOctober 16, 2025

Meaning Small Cap refers to companies with a relatively modest market capitalization, distinct from larger corporations.Definition A “Small…

Physical Damage CoverOctober 15, 2025

Meaning This cover protects your assets from unforeseen physical harm. Understanding this type of insurance is crucial for…

UPI Retry NotificationLast Updated: October 21, 2025

Meaning UPI Retry Notification informs users when a previously failed transaction can be retried. Purpose It prevents duplicate…