RBI Allows 24×7 Bulk Payment System For Uninterrupted DBT ...Middle East

Mumbai: In order to ensure seamless and uninterrupted transfer of government subsidies to beneficiaries, the RBI on Friday permitted availability of National Automated Clearing House (NACH) on all days of the week. NACH, a bulk payment system operated by the NPCI, facilitates one-to-many credit transfers such as payment of dividend, interest, salary, pension, etc. This service […] The post RBI Allows 24×7 Bulk Payment System For Uninterrupted DBT appeared first on Ommcom News.

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