Sub-member of National Automated Clearing House (NACH)
The National Payment Corporation of India established with the core objectives of consolidating and integrating the multiples Payments Systems with varying service level into nationwide uniform and standard business process for all retail payment systems.
The Angul United Central Co operative Bank is being the Sub Member of NPCI and competent in all respect to become indirect member of National Automated Clearing House (NACH) and to participate in related activities has been admitted by NPCI as such in accordance with extent rules and procedure.
As Aadhar Payment Bridge system (ABCS) is playing a crucial role in the DBT programme of Government of India as well as the State Govt. for seamless transfer of benefit to the costumers account. The Angul United Central Co operative Bank availed the Sub-member for NACH of NPCI for Direct Benefit Transfer (DBT) Govt. & other subsidy funds. The Pradhan Mantri Kishan Fund and KALIA scheme funds are directly credited to the Savings Account of Depositor recently.