The Reserve Bank of India (RBI) has announced that the National Automated Clearing House (NACH) will be available seven days a week. Due to which now your salary will come even on the day of the holiday.
From August 1, 2021, employed people are going to get a big good news. Actually, the Reserve Bank of India (RBI) has announced that the National Automated Clearing House (NACH) will be available seven days a week. Due to which now your salary will come even on the day of the holiday. After this facility, from August 1, 2021, even if there is a Sunday or any other bank holiday, your salary, pension, dividend and interest money will come in the bank account. Now you don’t have to wait for working day.
Let us tell you that through NACH, operated by National Payments Corporation of India (NPCI), bulk payments like salary, pension, interest, dividend etc.
These rules have changed-
RBI Governor Shaktikanta Das, while announcing the review of monetary policy, said that NACH will be made available seven days a week from August 1, 2021, for the convenience of customers and to give full benefits of RTGS. At present this facility is available only on working days of banks.
RBI Governor says that NACH has emerged as a popular and prominent medium of DBT. This has helped in the transfer of government subsidy to a large number of beneficiaries. Explain that through NACH, electricity, gas, telephone, water, loan EMI, investment in mutual funds and insurance premium payment are also collected.
From August 1, the rules for cash withdrawal from ATM will also change-
According to the new rules of RBI, now bank customers can take advantage of 5 free transactions (financial and non-financial transactions) every month from their bank’s ATM. After this, every withdrawal will have to be charged. RBI has increased the interchange charge by Rs 15 to 17 for financial transactions and Rs 5 to 6 for non-financial transactions across all centers.
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