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

Peer-to-Merchant (P2M) TransferLast Updated: July 11, 2025

Introduction Peer-to-Merchant (P2M) Transfer refers to UPI transactions where a customer sends money to a business or service…

CGHS (Central Government Health Scheme)November 3, 2025

Meaning CGHS, or Central Government Health Scheme, provides comprehensive medical care to its beneficiaries.Definition and Purpose CGHS is…

Ask PriceLast Updated: December 12, 2025

Meaning Ask Price is the lowest price at which a seller is willing to sell an asset. Definition…

UPI HelpdeskLast Updated: October 21, 2025

Meaning UPI Helpdesk is a dedicated support system provided by banks or UPI apps to assist users with…

SHG (Self Help Group)Last Updated: December 29, 2025

Meaning & Definition An SHG is a small group of people who save money together and help each…