Reg. No: SA 1523 Dated : 07 July 1963
License No: ACD/GJ 212 P, Dated : 24 July 1980

ACH/ABPS

ACH

Automated Clearing House

  • The ACH Network is the moving money and information from one bank account to another through Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit transactions;
  • The ACH Network is a batch processing system in which financial institutions accumulate ACH transactions throughout the day for later batch processing.

ABPS

Aadhaar Payment Bridge System

  • Pre supposes that all Government beneficiaries would have Aadhaar linked account number
  • APBS will receive the disbursal payment instruction from the Government Departments through Sponsor Bank – (Banks has ability to convert in the required format)