Glossary
/ACH Full Form
What is the Full Form of ACH?
The full form of ACH is Automated Clearing House.
It's basically a digital pipeline connecting different banks to move money in bulk. Instead of writing cheques or physically transferring cash, this system groups thousands of transactions and settles them at once. It is typically used when your salary is directly credited, or when companies pay dividends to millions of shareholders simultaneously. In India, the NACH system does exactly this job behind the scenes.
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