Bulk payment system NACH to be available on all days from August 1: All you need to know

The RBI has announced that bulk payment system NACH, operated by the National Payments Corporation of India, will be available on all days from August 1, 2021. Here is all you need to know.

The Reserve Bank of India (RBI) has announced that the National Automated Clearing House (NACH), a bulk payment system operated by the National Payments Corporation of India, will be available on all days from August 1, 2021. “In order to further enhance customer convenience, and to leverage the 24x7 availability of RTGS, NACH which is currently available on bank working days, is proposed to be made available on all days of the week effective from August 1, 2021,” said RBI Governor Shaktikanta Das.