NACH (National Automated Clearing House) is a centralized electronic payment system implemented by the National Payments Corporation of India (NPCI), designed to facilitate high-volume, recurring transactions such as salary payments, utility bills, EMIs, subsidies, pensions, and more.
NACH Services at Tripura State Co-operative Bank Ltd.:
Tripura State Co-operative Bank Ltd. provides seamless and secure NACH services for both Debit and Credit transactions, offering convenience to individuals, businesses, and government departments.
Benefits of NACH with Tripura State Co-operative Bank Ltd.:
- Convenience: Automate recurring payments and collections without manual intervention.
- Security: Robust and secure processing infrastructure through NPCI.
- Speed: Faster settlement cycles with assured timelines.
- Transparency: Real-time tracking and status updates.
Popular Use Cases:
- Loan EMI collections
- Utility bill payments
- Insurance premium collections
- Government subsidy disbursements
- Salary and pension credits
How to Register for NACH Mandate:
- Visit your nearest branch of Tripura State Co-operative Bank Ltd.
- Fill and submit the NACH Mandate form.
- Submit supporting documents (e.g., canceled cheque, KYC, etc.).
- Bank will process and validate your mandate for recurring transactions.