NACH facilitates one-to-many credit transfers such as payment of dividend, interest, salary and pension. It also facilitates collection of payments pertaining to electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds and insurance premium.source https://economictimes.indiatimes.com/industry/banking/finance/banking/national-automated-clearing-house-to-be-available-on-all-days-from-august-1-rbi/articleshow/83229055.cms
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