Definition NACH stands for National Automated Clearing House. It is an electronic payment system developed by the National…

Meaning Maturity Benefit is the amount an insurance company pays to the policyholder when a life insurance policy…

Definition A Payment Switch is a system that routes payment requests between banks, card networks, and payment service…

Full Form & Definition mPIN stands for Mobile Personal Identification Number. It is a 4–6 digit code used…

Definition Bharat QR is a unified QR code system launched by NPCI, in collaboration with card networks, to…

Meaning Bharat BillPay is a centralized bill payment system regulated by the Reserve Bank of India and operated…

Definition AutoPay is a feature that allows users to set up automatic, recurring payments for bills, subscriptions, EMIs,…

Definition Aadhaar Seeding is the process of linking an individual’s Aadhaar number with their bank account or government…

Meaning The full form of KYC is Know Your Customer. Digital KYC is the paperless, online method of…