NACH 3.0: NPCI’s Upgraded Platform for Recurring Payments
Why in the news
NPCI planned an upgraded National Automated Clearing House, NACH 3.0, for early July 2025.
About NACH
- A centralised system for high-volume recurring payments: salaries, benefits, EMIs, insurance premiums, SIPs.
| Feature | Benefit |
|---|---|
| Revamped GUI | Dashboard with live monitoring |
| Faster credits | Quick salaries, pensions, subsidies |
| Quick debits | Timely EMIs, SIPs, utility bills |
| Self-service | Easy account creation; admin-free password reset |
| Escalation | Direct resolution and tracking via NPCI |
About NPCI
- Founded 2008; HQ Mumbai; CEO Dilip Asbe.
- Runs UPI, IMPS, RuPay, BBPS and AePS.