National Financial Switch

byPaytm Editorial TeamLast Updated: November 14, 2025

Definition

National Financial Switch (NFS) is India’s largest network of ATMs, connecting all major banks for interbank transactions. It is managed by the National Payments Corporation of India (NPCI).

Function

It allows bank customers to withdraw money, check balances, and transfer funds from any ATM, regardless of their bank.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

Internal AuditLast Updated: December 12, 2025

Meaning Internal Audit is a process where a bank checks its own systems, records, and operations to ensure…

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…

ExemptionLast Updated: December 12, 2025

Meaning & Definition Exemption refers to an income or amount that is not subject to tax. Certain incomes,…

ETF (Exchange Traded Fund)Last Updated: December 12, 2025

Meaning & Definition ETF stands for Exchange Traded Fund. It is a marketable fund that tracks an index,…

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…