Diabytes
NACH News
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Owners of PNB accounts might be confused as to why the bank deducted the money without their knowledge. There is a solution if you have encountered a similar problem.
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Owners of PNB accounts could be confused as to why the bank took the money without their knowledge. There is a solution if you have encountered a similar problem.
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This new rule will benefit the cheque book users as their issued cheques will be easily cleared on a holiday.
This means that the issued cheques will be cleared on a Saturday or Sunday too.
It is important for customers to keep in mind that NACH will be operational all hours of the day and even on holidays.
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Earlier, the employees had to wait till Monday or any weekday for their salary to get credited.
NACH services will continue on weekends.
Currently, NACH services are available only on days when banks are working.
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New rules from August 2021.
Rules deal with your everyday lives.
Rules pertain to banking, financial and other sectors.
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From the month of August, several new rules will be implemented across banking, financial and other sectors --check them out.
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The Reserve Bank of India has come up with new guidelines and further changed the rules of the National Automated Clearing House (NACH).
The new NACH rules showed that the payments such as salary and pensions can be transferred on weekends which is not possible now as it is only available when the banks are open.
Recently, RBI Governor Shaktikanta Das had announced several key financial, economic measures amid the pandemic.
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NACH available on all days of the week.
NACH is a bulk payment system.
It is operated by the NPCI.
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NACH available on all days of the week.
NACH is a bulk payment system.
It is operated by the NPCI.
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