NACH is a bulk payment system operated by the NPCI which facilitates one-to-many credit transfers such as payment of dividend, interest, salary, pension, as also collection of payments pertaining to electricity, gas, telephone, water bills, periodic installments towards loans, investments in mutual funds, insurance premium etc.source https://economictimes.indiatimes.com/industry/banking/finance/banking/now-get-salary-pension-credited-on-sundays-and-bank-holidays/articleshow/84995899.cms
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