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

NSDLLast Updated: November 14, 2025

Full Form & Definition Full form: National Securities Depository Limited. NSDL holds shares and securities in electronic form,…

Credit AppraisalLast Updated: November 14, 2025

Definition Credit Appraisal is the process banks use to evaluate a borrower’s ability to repay a loan. It…

EMI (Equated Monthly Installment)Last Updated: October 21, 2025

Meaning EMI stands for Equated Monthly Installment. EMI is the fixed amount paid every month to repay a…

Overdraft Account LinkLast Updated: September 22, 2025

Definition An Overdraft Account Link allows a customer to connect their overdraft account with UPI or a debit…

UPI Bank SettlementLast Updated: September 22, 2025

Meaning UPI bank settlement is the process through which banks process UPI transactions and transfer funds from payer…