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

No Claim Bonus (NCB)November 10, 2025

Meaning No Claim Bonus is a valuable aspect of vehicle insurance.Definition No Claim Bonus (NCB) is a reward…

Direct Cash TransferLast Updated: January 28, 2026

Meaning Core Definition Direct Cash Transfer (DCT) is a government initiative to directly transfer benefits and subsidies into…

Locker FacilityLast Updated: December 12, 2025

Meaning A Locker Facility is a secure storage service offered by banks where customers can keep valuable items…

UPI App Activity LogLast Updated: October 21, 2025

Definition UPI App Activity Log records all user actions within the app, including transactions, logins, and failed attempts.…

Minimum BalanceLast Updated: November 14, 2025

Meaning Minimum Balance is the lowest amount of money that must be kept in a bank account to…