What does it mean? NACH, commonly known as the National Automated Clearing House, is a centralised electronic payment or transaction processing system by the NPCI (National Payments Corporation of India). The system was established for banks, governments and financial institutions to easily manage cumbersome interbank payments, utility bills, SIPs, premiums, donations, credit card bills, dividends …
Post Type Archives: Glossary
National Stock Exchange (NSE)
What is NSE? The National Stock Exchange (NSE) is one of India’s largest financial market exchanges, operating from Mumbai (Maharashtra). It offers investors a platform for trading, settlement and clearing services. It is also India’s first stock exchange to offer electronic trading facilities. Points to Remember How does the National Stock Exchange work? The stock …