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

Proposal FormOctober 16, 2025

Meaning A Proposal Form is a crucial document used across various industries to formally present an offer or…

Nifty 50November 10, 2025

Meaning The Nifty 50 is a leading indicator for the Indian equity market, reflecting the performance of top…

GST Compensation SchemeNovember 1, 2025

Meaning Definition The GST Compensation Scheme (Goods and Services Tax Compensation Scheme) was an arrangement by the Indian…

TRN (Transaction Reference Number)Last Updated: July 11, 2025

Meaning A Transaction Reference Number (TRN) is a unique ID generated for every UPI transaction to help track…