National Automated Clearing House

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Presentation transcript:

National Automated Clearing House

NPCI Promoters www.npci.org.in

NPCI Products

NACH Journey December 2011 Aadhaar Payment Bridge (APB) System Launched on a Pilot Basis December 2012 National Automated Clearing House (NACH) System Launched April 2013 Aadhaar Payment Bridge (APB) System Migrated to NACH Platform

NACH - One Stop Solution for Payments and Collections NACH Payment Service NACH - One Stop Solution for Payments and Collections Saves Time, Effort, Cost and Manual Intervention Apt payment solution for Corporates, Utility Companies and Govt. Departments Facilitates Subsidy Payments using APBS Facilitates Payments & Collections using NACH Credit & Debit

NACH Products APBS NACH Credit (156) NACH Debit (156) NACH Debit (306)

Aadhaar Payment Bridge (APB) System Aadhaar acts as the financial address of the person Payment system based on Aadhaar number and IIN Used for payment of subsidies/government benefits to beneficiaries

APB – Use Cases LPG Subsidy (DBTL) NREGA Payments Old Age Pension Student Scholarships 30+ Welfare Schemes of Central & State Govt. Salary Payments 8 8

DBT and DBTL Scheme re-launched on 15 November, 2014 and expanded pan India from 01 January 2015. Subsidy transferred through APB and ACH Credit. Account Validation process (OMC to bank & Bank to OMC) introduced. More than 15 crore Aadhaar in NPCI mapper. New mapper file format with OD flag introduced. 9 9

APB Transaction Process Flow NPCI Mapper Sponsor Bank Destination Bank Transaction Initiation Settlement File Funds Credited Intimation sent to Beneficiary Presentation Settlement File Return Settlement File Govt. Department Settlement Bank (RBI) Beneficiary Transaction Origination Transaction Response

NACH Member Banks

NACH Transaction Statistics

NACH System – Major Highlights 500+ Participating Banks More than 15 crore Aadhaar numbers in NPCI mapper More than 24 crore transactions processed in FY 2014-15

Thank You !!!

Vipin.surelia@npci.org.in 810 810 8604