NACH

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf electronic payment system
gptkbp:benefit faster settlement
reduced paperwork
centralized platform
gptkbp:country gptkb:India
gptkbp:fullName gptkb:National_Automated_Clearing_House
https://www.w3.org/2000/01/rdf-schema#label NACH
gptkbp:launched 2013
gptkbp:operatedBy gptkb:National_Payments_Corporation_of_India
gptkbp:regulates gptkb:Reserve_Bank_of_India
gptkbp:replacedBy gptkb:ECS
gptkbp:settlementType batch processing
gptkbp:supports credit transactions
debit transactions
gptkbp:usedFor utility bill payments
salary payments
subsidy distribution
dividend payments
pension payments
EMI payments
bulk payment transactions
gptkbp:bfsParent gptkb:Unified_Payments_Interface_(UPI)
gptkbp:bfsLayer 6