National Payments Corporation of India Archive

National Automated Clearing House (NACH) & Electronic Clearance Service (ECS)

National Automated Clearing House (NACH) is a web based solution implemented by National Payments Corporation of India (NPCI) for addressing recurring, interbank, high volume electronic transactions. It is an improved and much efficient version of Electronic Clearance

Unified Payment Interface (UPI): A Digital Banking Catalyst

Unified Payment Interface (UPI) is an outstanding payment system that has evolved as the backbone of digital banking in India. UPI allows the user to transfer funds money from his account to that of the payee in

National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI) is an organisation promoted by ten banks with the objective of stimulating and integrating digital payment system in India.  The Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) extend