New RBI Rules: No more waiting for weekly working days to make important transactions like monthly salary, pension and EMI fees. The Reserve Bank has changed the rules of the National Automated Settlement System (NACH). These changes will take effect on August 1, 2021.
I mean, now you don’t have to wait for Saturdays and Sundays to pass. Your Salary ( Salary ) or pension services will no longer be available on all days of the week.
NACH facilities are now available full week
Many times the first day of the month is usually the weekend. Due to this the salaried class has to wait till Monday for credit in their payroll account.
RBI ( Reserve Bank ) Governor's Energy Kanta Das, credit policy review last month, during the month of June, customers will also improve the comfort, 24x7 real-time gross settlement (RTGS), receiving benefits, currently the bank only on working days The NACH, which is in operation, said it was no longer in the process of being operational throughout the week. This change will take effect on August 1, 2021.
Salary, Pension, EMI Payment Now available on
weekends NACH is a payment system operated by the Payments Corporation of India (NPCI). It facilitates various types of loan transactions such as dividends, interest, salaries and pensions.
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Apart from this, the electric bill, gas cylinder fare ( Gas Cylinder Bill ), telephone, water bills, credit iemai, mutual fund investment and insurance premium payment facility is provided. Now you don't have to wait until Monday to Friday to be able to pay. Which means it's about to be the most delusional time of the year, as well. We can no longer do this work on weekend
The Reserve Bank of India (RBI) has said that NACH has become a popular and important digital system of direct and effective digital mode (DBT) for users. It helps other beneficiaries of government subsidies in a timely and transparent manner in these times of corona epidemic.ds.demic.
Currently, NAAC services are only available on banking days, but from August 1, the facility will be available on all days of the week.
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