Our Bank Provide all Service under the National Automated Clearing House (N.A.C.H)



Objectives of NACH


The NACH system facilitates end-to-end processing of bulk electronic payment instructions with the following objectives:

  • Create a national eco-system covering all bank branches for processingelectronic payment instructions.
  • Provide a technology platform to banks to route the debit / credit instructionsthrough NPCI using different routing codes like IFSC Code / MICR Code / IINCode or any other code as may be decided from time-to-time.
  • Provide Direct Corporate Access (DCA) to select Corporates/ GovernmentDepts., major user institutions and third party to NPCI NACH system.
  • Provide a sound mechanism for settlement, exceptions handling, processing of
    returns, rejects, reversals, refunds, revocations, holidays management,
    unwinding, dispute handling etc.
  • Maintain a robust Aadhaar number to Institution Identification Number (IIN)mapper with related governance mechanism.
  • Create a robust Mandate Management and related governance mechanism.