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THE ARUNACHAL PRADESH STATE CO-OPERATIVE APEX BANK LTD

Sponsored By Goverment Of Arunachal Pradesh
Head Office: NAHARLAGUN, ARUNACHAL PRADESH, 791110 INDIA

IFSC CODE: YESB0ARCB01 (0 = ZERO) ATM COMPLAINING FORM EMI CALCULATOR C-PEC, BIRD Registration CD Ratio Calculator

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THE ARUNACHAL PRADESH STATE CO-OPERATIVE APEX BANK LTD

Sponsored By Goverment Of Arunachal Pradesh

Head Office: NAHARLAGUN, ARUNACHAL PRADESH, 791110 INDIA

IFSC CODE: YESB0ARCB01 (0 = ZERO) ATM COMPLAINING FORM EMI CALCULATOR C-PEC, BIRD Registration CD Ratio Calculator

Go Digital India

Today Is Thu, 21st Nov, 2024

Bank Is Implementing Govt Sponsored Schemes Only Like CMPVY, DEDS, NRLM, CMFMP, SHG, WCC and Cooperative Societies Bank Is Now Digitalisation, CBS, NEFT, RTGS, DBT Bank is also Implementing Social Security Schemes Like PMJDY, PMJJBY, PMSBY, APY etc Bank Has ATM, Micro ATM, Mobile Van ATM, ATM Cards for normal debit cards and PMJDY, Rupay ATM cards PFMS Is LIVE Deposit Of Govt. Departments QR CODE is enabled Bank do not ask for ATM Pin No or OTP, Please do not provide any information to any calls

NEFT/RTGS MICRO ATM ATM SERVICE SMS ALERTS QR CODE SIMsePAY POS e-COM AEPS DBT PFMS CTS CLEARING NACH MOBILE ATM VAN

NACH

National Automated Clearing House (NACH)

National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporates and Government a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature.

Understanding NACH

The newly introduced centralised payment/transaction processing system by the National Payments Corporation of India (NPCI), National Automated Clearing House (NACH), has been implemented for banks, corporates, financial institutions and the Government. It lets you simplify and manage bulk payment across multiple banks and manage payments of utility bills, SIPs, premiums, donations, Credit Card bills or any other recurring payment. NACH has been set up to serve as a faster and efficient platform for clearance. Use NACH to manage your payments easily and cost-effectively.

What is NPCI?

The NPCI or National Payments Corporation of India was formed by the Reserve Bank of India (RBI) in collaboration with the Indian Banks Association and ten promoter banks. The ten promoter banks are SBI, ICICI, HDFC, PNB, Citi, HSBC, Canara Bank, Bank of India, Union Bank of India and Bank of Baroda. NACH is NPCI’s product offering that aims to replace the existing ECS systems across the country.

How does NACH work?

Here is the step-by-step process of how NACH works:

The corporate (or money-collecting agency) collects the NACH mandate form from customers. With the mandate form, the customer gives the corporate the authority to debit his account for a certain period and at a certain frequency.

The corporate verifies the details provided by the customer in the mandate form.

After verification of details, the corporate forwards the NACH mandate to its bank.

The corporate’s bank then shares the NACH mandate with the NPCI.

Once the information is validated, the NPCI forwards the mandate to the customer’s bank for approval. Only fully validated transactions are forwarded to the customer’s bank for debiting.

Once approved by the customer’s bank, the corporate is authorised to collect funds from the customer’s account.

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Contact Us
The Arunachal Pradesh State Cooperative Apex Bank Ltd.
C/O: Managing Director
Head Office : Naharlagun
D-Sector, Apex Bank Building, Near Hathi Matha
Arunachal Pradesh - 791110
Phone No.
Email:- md@arunachalapexbank.com
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Tourism

OFFICIAL PARTNER OF DEPARTMENT OF TOURISM GOVERNMENT OF ARUNACHAL PRADESH

ATM BLOCK TOLL FREE NO
18001236230
18005327444