What does it mean?

NACH stands for National Automated Clearing House. It is a centralised electronic payment or transaction processing system by the NPCI (National Payments Corporation of India) for banks, governments, and financial institutions to easily manage cumbersome interbank payments, utility bills, SIPs, premiums, donations, credit card bills, dividends or any other recurring payments. It helps in maximizing the efficiency of the clearance of the mentioned repetitive payments.

Points to remember

  • NACH payments may not be an available option if your bank is not a part of NACH. You can also cancel your NACH application anytime.
  • NACH can also be used for bulk payments or receiving of payments like telephone bills, small loans, etc.
Related Terms
Interest Rate
Credit Report
Credit Line
Share us on:
Popular terms

Fibe: Your One-Click Solution For Instant Loans
A sudden need for a large amount of money or a loan can, of course, occur at any point in life, as many of us may now have experienced.
Looking for a Loan ?
Life is full of expenses - both essential and aspirational. Funding either (or both) of them should really not be an issue. […]

Personal Loan EMI Calculator

Skip the manual calculations. Use the Fibe EMI Calculator to accurately determine your repayment amounts, interest charges, and more.

Fibe's personal loan EMI calculator is your reliable tool to determine your loan EMI in just a few minutes and some simple steps. Fibe offers personal loan of up to Rs 5 lakhs with minimal documentation and quick processing. Coupled with interest rates as low as Rs 9/day, this is by far your most compelling credit option in the market. Calculate your monthly repayments based on your sanctioned loan amount and interest rates using this handy EMI calculator that's operate and easy to understand. With Fibe, you can even prepay your loan amount with no additional charges.

Your EMI Amount is



Loan Amount






Interest rate




Select EMI option

12 Months