Core Banking Systems
Mobile Banking (Sawata App)
NACH full form is National Automated Clearing House. NACH is the centralised web-based payment solution that helps the banks, corporate sectors, government and other financial institutions to handle bulk payments. High volume transactions such as dividend and salary pay by the corporate, subsidies and pensions payment by the government and such can be easily done through NACH. The system will also assist the financial institutions and corporate to receive high volume payments as well. High volume payments that consist of water, electricity, telephone bills, loan amounts, EMIs, mutual fund investments payments can be received through NACH solution. The system is launched by National Payment Corporation of India, also known as NPCI. The solution will facilitate all kind of interbank, electronic transfers for bulk volume payments in easy ways. Through NACH the any payment can be made through ECS irrespective of the geographical location of the banks across the nation.