Question
What is NACH in banking?Â
Solution
National Automated Clearing House (NACH) is a centralised system, launched by NPCI with an aim to consolidate multiple ECS systems running across the country. NACH System can be used for making bulk transactions towards distribution of subsidies, dividends, interest, salary, pension etc. and also for bulk transactions towards collection of payments pertaining to telephone, electricity, water, loans, investments in mutual funds, insurance premium etc.
The 'Principle of diminishing returns' explains:Â
Khaira disease of rice is caused by deficiency of
Which category of agroforestry systems encompasses the integration of different farming components such as vegetables, pulses, oilseed crops, and cereal...
Which fertilizer has 2 primary essential nutrients?
Which state is the largest producer of sugarcane in india in year 2023 ?
Single line of command was one of the main features of:
Reel speed of bivoltine cocoons on CSTRI multi end reeling machine is
Which of the following is considered as noble cane of sugarcane?
ATIC is component of
Which post-harvest treatment is most effective for extending shelf life of bananas during long-distance transportation?
Relevant for Exams:
