Feedback
Navigate Up
  • Chat online
  • Write to us
  • 1800 22 1230

Express SIP

NACH (National Automated Clearing House) Platform set up by NPCI (National Payments Corporation of India) :-

 

NACH – a superior, robust and scalable platform
  • The prevalent Electronic Clearing Service (ECS) in India is available at around 89 centers in the country
  • While it is operated by the RBI at 15 centers, it is operated by the commercial banks at the remaining centers
  • Lack of a standardized operating model, usage of manual processes and inconsistent timelines around post transactional query management and servicing are certain challenges inherent to the current ECS model
  • The new centralized ACH solution is expected to consolidate the current multiple ECS systems and provide a framework for removal of the local barriers / inhibitors
  • The platform will be robust, secure and scalable with both transaction and file based transaction processing capabilities

 

NACH platform will have national footprint which will cover 82000+ bank branches

Role of National Payments Corporation of India (NPCI)
  • Set up by Indian Banks Association under a mandate from the Reserve Bank of India
  • Provide robust payment solutions to banks and financial institutions across India
  • NPCI will be the umbrella organization for all retail payment systems
How NACH will work?
i. Coverage & Participation

 

All core banking platform enabled bank branches and not restricted to 89 locations as in current ECS model

 

ii. Reduce Mandate Registration Timelines

 

  • Eliminate physical movement of mandate forms to destination bank branch and work on scanned images
  • Registration online (through Bank Portal)
  • Positive confirmation of Registration as compared to today where 100% confirmation is not received across participating banks

 

Sr. No BANK NAME TYPE OF BANK IFSC MICR ACH Dr
1 ABHYUDAYA CO-OPERATIVE BANK CO-OP ABHY0065001 400065001 Yes
2 ABU DHABI COMMERCIAL BANK FOREIGN ADCB0000001 400269002 Yes
3 ADARNIYA P.D. PATILSAHEB SAHAKARI BANK LTD. CO-OP HDFC0CPDPBK NA Yes
4 ADARSH CO-OPERATIVE BANK LTD CO-OP NA 302240251 Yes
5 AHMEDNAGAR SHAHAR SAHAKARI BANK MARYADIT CO-OP NA 414802001 Yes
6 ALLAHABAD BANK PSB ALLA0888888 700010001 Yes
7 AMBARNATH JAI-HIND CO-OP.BANK LTD. CO-OP ICIC00AJHCB NA Yes
8 ANDHRA BANK PSB ANDB0TRESUY 500011001 Yes
9 ANDHRA PRAGATHI GRAMEENA BANK RRB APGB0000001 516703000 Yes
10 APNA SAHAKARI BANK LTD. CO-OP ASBL0000001 400098002 Yes
11 ASHOK SAHAKARI BANK LTD CO-OP ICIC00ASHSB NA Yes
12 ASSAM GRAMIN VIKASH BANK RRB NA 781116002 Yes
13 AXIS BANK PRIVATE UTIB0000248 400211000 Yes
14 BANK OF AMERICA FOREIGN BOFA0MM6205 400032002 Yes
15 BANK OF BAHRAIN & KUWAIT FOREIGN BBKM0000001 400150002 Yes
16 BANK OF BARODA PSB BARB0TREASU 400012001 Yes
17 BANK OF CEYLON FOREIGN BCEY0CHEN01 600331001 Yes
18 BANK OF INDIA PSB BKID000PIGW 400013000 Yes
19 BANK OF MAHARASHTRA PSB MAHB0003007 411014000 Yes
20 BARCLAYS BANK PLC FOREIGN BARC0INBB01 400658002 Yes
21 BASSEIN CATHOLIC CO-OP BANK LTD CO-OP BACB0000001 400238002 Yes
22 BHAGINI NIVEDITA SAHAKARI BANK LTD. CO-OP HDFC0CBNBNK NA Yes
23 BNP PARIBAS FOREIGN BNPA0RTGSMI 400034002 Yes
24 CANARA BANK PSB CNRB0RTGS01 560015000 Yes
25 CAPITAL LOCAL AREA BANK LAB CLBL0000001 144545002 Yes
26 CENTRAL BANK OF INDIA PSB CBIN0281102 400016000 Yes
27 CITIBANK N A FOREIGN CITI0RTGSMI 400037002 Yes
28 CITY UNION BANK LIMITED PRIVATE CIUB0000082 600054001 Yes
29 CORPORATION BANK PSB CORP0000920 560017001 Yes
30 CREDIT AGRICOLE CORPORATE & INVESTMENT BANK FOREIGN CRLY0000001 400151002 Yes
31 DCB BANK LTD PRIVATE DCBL0000037 400072001 Yes
32 DELHI NAGRIK SEHKARI BANK LTD  CO-OP NA 110196002 Yes
33 DENA BANK PSB BKDN0RTGSSC 400018001 Yes
34 DEUTSCHE BANK AG FOREIGN DEUT0000PBC 400200002 Yes
35 DHANALAXMI BANK PRIVATE DLXB0000146 680048002 Yes
36 DHARMAPURI DISTRICT CENTRAL CO OP BANK LTD CO-OP NA 636800102 Yes
37 DINDIGUL CENTRAL CO-OPERATIVE BANK LTD CO-OP NA 625800001 Yes
38 DOMBIVILI NAGARI SAHAKARI BANK LTD. CO-OP DNSB0000001 400235001 Yes
39 FEDERAL BANK PRIVATE FDRL0000379 683049001 Yes
40 FINGROWTH CO-OPERATIVE BANK LTD CO-OP FING0000001 302192001 Yes
41 GEORGE TOWN CO-OPERATIVE BANK LTD. CO-OP NA 600458001 Yes
42 GOPINATH PATIL PARSIK JANATA SAHAKARI BANK CO-OP PJSB0000001 400312002 Yes
43 GUARDIAN SOUHARDA SAHAKARI BANK NIYAMITA CO-OP SVCB0002001 NA Yes
44 GURGAON GRAMIN BANK RRB GGBK0000001 121842002 Yes
45 HDFC BANK LTD PRIVATE HDFC0999999 400240001 Yes
46 ICICI BANK LTD PRIVATE ICIC0TREA00 400229000 Yes
47 IDBI BANK PSB IBKL0009998 400259001 Yes
48 INDIAN BANK PSB IDIB000C080 600019001 Yes
49 INDIAN OVERSEAS BANK PSB IOBA0009016 600020001 Yes
50 INDRAPRASTHA SEHKARI BANK LTD CO-OP NA 110255002 Yes
51 INDUSIND BANK PRIVATE INDB0000098 400234001 Yes
52 ING VYSYA BANK LTD PRIVATE VYSA0000001 400064001 Yes
53 JALGAON JANATA SAHKARI BANK LTD CO-OP JJSB0000001 425507002 Yes
54 JAMIA CO-OPERATIVE BANK LTD CO-OP NA 110410000 Yes
55 JANAKALYAN SAHAKARI BANK CO-OP JSBL0000001 400105009 Yes
56 JANASEVA SAHAKARI BANK (BORIVLI) LTD CO-OP JASB0000001 400804001 Yes
57 JANATA CO-OP. BANK LTD, MALEGAON. CO-OP HDFC0CJBMLG NA Yes
58 JANATA SAHAKARI BANK LTD. CO-OP JSBP0000001 411074002 Yes
59 JODHPUR NAGRIK SAHAKARI BANK LIMITED  CO-OP HDFC0CJNB08 NA Yes
60 KALLAPPANNA AWADE ICHALKARANJI JANATASAHAKARI BANK CO-OP KAIJ0000001 416386201 Yes
61 KARNATAKA VIKAS GRAMEENA BANK RRB KVGB0000001 580483017 Yes
62 KARUR VYSA BANK PRIVATE KVBL0001260 600053001 Yes
63 KOTAK MAHINDRA BANK LTD PRIVATE KKBK0RTGSMI 400485002 Yes
64 KURLA NAGARIK SAHAKARI BANK LTD CO-OP KNSB0000001 400077001 Yes
65 MAHARASHTRA GRAMIN BANK RRB NA 400014252 Yes
66 MANIPUR RURAL BANK RRB NA 795614002 Yes
67 MIZUHO BANK LTD. FOREIGN MHCB0000532 400694002 Yes
68 MUMBAI DISTRICT CENTRAL CO-OP BANK LTD CO-OP MDCB0680001 400068001 Yes
69 NAGPUR NAGARIK SAHAKARI BANK LTD. CO-OP NGSB0000001 440183000 Yes
70 NARMADA JHABUA GRAMIN BANK RRB NA 452653002 Yes
71 NAVABHARAT CO-OP. URBAN BANK LTD. CO-OP KKBK0NCUB01 NA Yes
72 NEW INDIA CO-OP BANK LTD CO-OP NICB0000001 400085001 Yes
73 NKGSB CO-OP. BANK LTD. CO-OP NKGS0000001 400086001 Yes
74 NUTAN NAGARIK SAHAKARI BANK LTD CO-OP NNSB0000001 380128001 Yes
75 ORIENTAL BANK OF COMMERCE PSB ORBC0100000 122022000 Yes
76 PARSHWANATH CO-OPERATIVE BANK LTD CO-OP HDFC0CPCB01 NA Yes
77 PRATHAMA BANK RRB PRTH0000001 244843007 Yes
78 PRIME CO-OPERATIVE BANK LTD. CO-OP PMEC0000001 395250002 Yes
79 PRIYADARSHANI NAGARI SAHAKARI BANK LTD., JALNA. CO-OP KKBK0PNSB01 NA Yes
80 PUDUKOTTAI DISTRICT CENTRAL COOPERATIVE BANK LTD CO-OP NA 622800002 Yes
81 PUNE DISTRICT CENTRAL CO-OPERATIVE BANK LTD. CO-OP HDFC0CPDCCB NA Yes
82 PUNJAB & MAHARASHTRA CO-OPERATIVE BANK CO-OP PMCB0000001 400328002 Yes
83 PUNJAB & SIND BANK PSB PSIB0000001 110023001 Yes
84 PUNJAB NATIONAL BANK PSB PUNB0244200 110024001 Yes
85 PUSAD URBAN CO-OP,BANK LTD. CO-OP NA 445817501 Yes
86 RAJGURUNAGAR SAHAKARI BANK LTD CO-OP HDFC0CRASBL NA Yes
87 RAJKOT NAGARIK SAHAKARI BANK LTD. CO-OP RNSB0000001 360217002 Yes
88 RATNAKAR BANK PRIVATE RATN0TREASU 400176001 Yes
89 SANGLI URBAN CO-OPERATIVE BANK LTD CO-OP HDFC0CSUCBL NA Yes
90 SANT SOPANKAKA SAHAKARI BANK LTD. CO-OP HDFC0CSSSBL NA Yes
91 SARASWAT BANK CO-OP SRCB0NGRTGS 400088001 Yes
92 SHREE MAHALAXMI URBAN CO-OP CREDIT BANK LTD. CO-OP SVCB0012002 NA Yes
93 SHREE WARANA SAHAKARI BANK LTD. CO-OP HDFC0CSWSBL NA Yes
94 SHRI CHHATRAPATI RAJARSHI SHAHU URBAN CO-OP BANK  CO-OP CRUB0000001 431840302 Yes
95 SHRI VEERSHAIV CO-OP BANK LTD. CO-OP NA 416407007 Yes
96 SINDHUDURG  DISTRICT CENTRAL COOPERATIVE BANK LTD CO-OP NA 416801560 Yes
97 SIR M VISVESVARAYA CO-OPERATIVE BANK LTD CO-OP SMVC0000001 560261002 Yes
98 SOUTH INDIAN BANK PRIVATE SIBL0002002 680059001 Yes
99 SRI POTTI SRIRAMULU NELLORE DCCB CO-OP APBL0009002 NA Yes
100 STANDARD CHARTERED BANK FOREIGN SCBL0036001 400036001 Yes
101 STATE BANK OF INDIA PSB SBIN0004343 400002000 Yes
102 STATE BANK OF MAURITUS LTD. FOREIGN STCB0000065 400332002 Yes
103 SUCO SOUHARDA SAHAKARI BANK CO-OP HDFC0CSUCOB NA Yes
104 SUDHA CO-OPERATIVE URBAN BANK LTD CO-OP HDFC0CSUCUB NA Yes
105 SUMITOMO MITSUI BANKING CORPORATION FOREIGN SMBC0000001 NA Yes
106 SUVARNAYUG SAHAKARI BANK LTD. CO-OP HDFC0CSUVRN NA Yes
107 SYNDICATE BANK PSB SYNB000RTGS 560025000 Yes
108 TAMILNAD MERCANTILE BANK LTD. PRIVATE TMBL0000200 400060001 Yes
109 TAMILNADU STATE APEX CO-OP BANK LTD CO-OP TNSC0099999 600091001 Yes
110 TAMLUK-GHATAL CENTRAL CO-OPERATIVE BANK LTD CO-OP NA 721815202 Yes
111 TEXTILE TRADERS CO-OPERATIVE BANK LIMITED CO-OP NA 380131001 Yes
112 THANE BHARAT SAHAKARI BANK LTD. CO-OP TBSB0000001 400525002 Yes
113 THE ABHINAV SAHAKARI BANK LIMITED CO-OP NA 400345000 Yes
114 THE ADARSH COOPERATIVE URBAN BANK LIMITED CO-OP NA 500229251 Yes
115 THE ADILABAD DISTRICT CO-OP CENTRAL BANK LTD. CO-OP APBL0019001 NA Yes
116 THE AGRASEN CO-OPERATIVE URBAN BANK LTD CO-OP NA 500229252 Yes
117 THE AHMEDABAD MERCANTILE CO-OP BANK LTD CO-OP AMCB0RTGS4S 380066001 Yes
118 THE AMRITSAR CENTRAL COOPERATIVE BANK LIMITED. CO-OP NA 143333001 Yes
119 THE ANANTAPUR DISTRICT COOPERATIVE CENTRAL BANK LT CO-OP APBL0012001 NA Yes
120 THE ANDHRA PRADESH STATE COOPERATIVE BANK LTD CO-OP APBL0000001 500143002 Yes
121 THE ANNASAHEB SAVANT CO-OP URBAN BANK MAHAD LTD CO-OP HDFC0CMAHAD NA Yes
122 THE ARYAPURAM COOPERATIVE URBAN BANK LTD CO-OP HDFC0CACUB9 NA Yes
123 THE BANK OF NOVA SCOTIA FOREIGN NOSC0000MUM 400239002 Yes
124 THE BARAMATI SAHAKARI BANK LTD CO-OP HDFC0CBSB01 NA Yes
125 THE BATHINDA CENTRAL CO-OPERATIVE BANK LTD. CO-OP NA NA Yes
126 THE BHAGYALAKSHMI MAHILA SAHAKARI BANK LTD CO-OP HDFC0CBLMSB NA Yes
127 THE BHARAT CO-OPERATIVE BANK LTD CO-OP BCBM0000001 400112001 Yes
128 THE BICHOLIM URBAN CO-OPERATIVE BANK LTD CO-OP HDFC0CBUCBG NA Yes
129 THE CATHOLIC SYRIAN BANK PRIVATE CSBK0000001 695047002 Yes
130 THE CHEMBUR NAGARIK SAHAKARI BANK CO-OP ICIC00CNSBL NA Yes
131 THE CHENGELPATTU CO-OP URBAN BANK LTD CO-OP NA 600091319 Yes
132 THE CHIKHLI URBAN CO-OP BANK LTD. CO-OP HDFC0CCUB01 NA Yes
133 THE CHIPLUN URBAN COOPERATIVE BANK LTD CO-OP NA 415810201 Yes
134 THE CHITTOOR DISTRICT CO-OP CENTRAL BANK LTD  CO-OP APBL0010001 NA Yes
135 THE CITIZEN COOPERATIVE BANK LIMITED CO-OP HDFC0CTZNBK NA Yes
136 THE CITIZENS URBAN COOPERATIVE BANK LTD. CO-OP YESB0CB0001 NA Yes
137 THE COIMBATORE DISTRICT CENTRAL CO-OP BANK LIMITED CO-OP NA 641464002 Yes
138 THE COSMOS CO-OPERATIVE BANK LTD CO-OP COSB0000025 400164001 Yes
139 THE CUDDALORE DISTRICT CENTRAL COOPERATIVE BANK  CO-OP NA 605816002 Yes
140 THE DELHI STATE COOPERATIVE BANK LIMITED CO-OP DLSC0000001 110094002 Yes
141 THE DISTRICT CENTRAL COOP BANK LIMITED, ELLURU CO-OP APBL0005001 NA Yes
142 THE DISTRICT CENTRAL COOPEARATIVE BANK LTD,KHAMMAM CO-OP APBL0022001 NA Yes
143 THE DISTRICT CO-OP CENTRAL BANK LTD, KAKINADA CO-OP APBL0004001 NA Yes
144 THE DISTRICT CO-OP CENTRAL BANK LTD, VISAKHAPATNAM CO-OP NA 530519001 Yes
145 THE DISTRICT COOP CENTRAL BANK LTD,VIZIANAGARAM CO-OP APBL0002001 NA Yes
146 THE DISTRICT COOPERATIVE CENTRAL BANK LTD, KURNOOL CO-OP APBL0013001 NA Yes
147 THE DISTRICT COOPERATIVE CENTRAL BANK LTD,SRIKAKUL CO-OP APBL0001001 NA Yes
148 THE DISTRICT CO-OPERATIVE CENTRAL BANK LTD.MEDAK CO-OP APBL0017001 NA Yes
149 THE DISTRICT COOPERATIVE CENTRAL BANK,MAHABUBNAGAR CO-OP APBL0014001 NA Yes
150 THE ERODE DISTRICT CENTRAL CO-OPERATIVE BANK LTD CO-OP NA 638572002 Yes
151 THE FARIDKOT CENTRAL CO-OPERATIVE BANK LTD. CO-OP NA 151832102 Yes
152 THE FATEHGRAH SAHIB CENTRAL COOPERATIVE BANK CO-OP NA NA Yes
153 THE FAZILKA CENTRAL COOP. BANK LTD CO-OP UTIB0SFAZ01 NA Yes
154 THE FEROZEPUR CENTRAL COOP. BANK LTD CO-OP NA 152812002 Yes
155 THE GADCHIROLI DISTRICT CENTRAL COOPERATIVE BANK   CO-OP GDCB0000001 442833204 Yes
156 THE GAYATRI COOPERATIVE URBAN BANK LTD CO-OP NA 505846102 Yes
157 THE GOA STATE CO-OPERATIVE BANK LTD CO-OP NA 403415055 Yes
158 THE GOA URBAN CO-OPERATIVE BANK LTD. CO-OP NA NA Yes
159 THE GREATER BOMBAY CO-OPERATIVE BANK LIMITED CO-OP GBCB0000001 400095001 Yes
160 THE GUNTUR DISTRICT COOPERATIVE CENTRAL BANK LTD. CO-OP NA 520635102 Yes
161 THE GURDASPUR CENTRAL COOPERATIVE BANK LTD CO-OP NA 143821202 Yes
162 THE HASTI CO-OP. BANK LTD. CO-OP HDFC0CHB101 NA Yes
163 THE HONGKONG & SHANGHAI BANKING CORPORATION LTD FOREIGN HSBC0RTGSMI 400039002 Yes
164 THE HOSHIARPUR CENTRAL CO-OPERATIVE BANK LTD CO-OP NA 146820002 Yes
165 THE HYDERABAD DISTRICT COOPERATIVE BANK LTD CO-OP NA 500144002 Yes
166 THE JALANDHAR CENTRAL COOPERATIVE BANK LIMITED CO-OP UTIB0SJAL01 NA Yes
167 THE JALGAON PEOPLES CO OP BANK LTD CO-OP JPCB0000001 425836001 Yes
168 THE KADAPPA DISTRICT CO-OPERATIVE CENTRAL BANK LTD CO-OP APBL0011001 NA Yes
169 THE KALUPUR COMMERCIAL CO-OPERATIVE BANK CO-OP KCCB0RTGS4C 380126001 Yes
170 THE KALYAN JANATA SAHAKARI BANK LTD. CO-OP KJSB0000001 400367001 Yes
171 THE KANGRA CENTRAL CO-OPERATIVE BANK LTD CO-OP KACE0000001 176850052 Yes
172 THE KANGRA CO-OPERATIVE BANK LTD CO-OP KANG0000001 110304001 Yes
173 THE KANYAKUMARI DISTRICT CENTRAL COOPERATIVE BANK  CO-OP NA 629800002 Yes
174 THE KAPOL CO-OPERATIVE BANK LTD. CO-OP KCBL0000016 400076001 Yes
175 THE KAPURTHALA CENTRAL COOPERATIVE BANK LTD CO-OP NA NA Yes
176 THE KARAD JANATA SAHAKARI BANK LTD CO-OP HDFC0CKJSBL NA Yes
177 THE KARAD URBAN CO-OP BANK LTD CO-OP KUCB0488036 415488353 Yes
178 THE KARIMNAGAR DISTRICT COOPERATIVE CENTRAL BANK CO-OP APBL0020001 NA Yes
179 THE KARNATAKA STATE CO-OPERATIVE APEX BANK LTD. CO-OP KSCB0000001 560226001 Yes
180 THE KOTTAYAM DISTRICT CO-OPERATIVE BANK LTD. CO-OP NA 686805002 Yes
181 THE KRISHNA DISTRICT COOPERATIVE BANK CO-OP APBL0006001 NA Yes
182 THE KUMBAKONAM CENTRAL CO-OPERATIVE BANK LTD CO-OP NA 612800002 Yes
183 THE LAKSHMI VILAS BANK LTD. PRIVATE LAVB0000883 600056001 Yes
184 THE LUDHIANA CENTRAL COOPERATIVE BANK LTD CO-OP NA 141379002 Yes
185 THE MADGAUM URBAN COOPERATIVE BANK LTD CO-OP HDFC0CMUB02 NA Yes
186 THE MADURAI DISTRICT CENTRAL COOPERATIVE BANK LTD CO-OP NA 625306002 Yes
187 THE MAHANAGAR CO-OP. BANK LTD. CO-OP MCBL0960009 400096009 Yes
188 THE MALKAPUR URBAN CO-OP BANK LTD CO-OP HDFC0CTMUCB NA Yes
189 THE MANSA CENTRAL CO-OPERATIVE BANK LTD. CO-OP NA NA Yes
190 THE MAPUSA URBAN COOPERATIVE BANK OF GOA LTD CO-OP NA NA Yes
191 THE MEHSANA URBAN CO-OPERATIVE BANK CO-OP MSNU0000001 384313001 Yes
192 THE MOGA CENTRAL COOPERATIVE BANK LTD CO-OP NA NA Yes
193 THE MUGBERIA CENTRAL CO-OPERATIVE BANK LTD CO-OP NA 721812901 Yes
194 THE MUKTSAR CENTRAL CO-OPERATED BANK LTD CO-OP NA 152837110 Yes
195 THE MUNICIPAL CO-OP BANK LTD CO-OP MUBL0000001 400110002 Yes
196 THE NAINITAL BANK LIMITED PRIVATE NTBL0DEL080 110184001 Yes
197 THE NALGONDA DIST. CO-OP. CENTRAL BANK LTD. CO-OP NA 508856002 Yes
198 THE NASIK MERCHANTS COOPERATIVE BANK LTD CO-OP NMCB0000001 422369018 Yes
199 THE NAV JEEVAN CO-OP BANK LTD CO-OP ICIC00NVJVN NA Yes
200 THE NAWANSHAHR CENTRAL COOPERATIVE BANK LTD. CO-OP UTIB0SNWS01 NA Yes
201 THE NILGIRIS DISTRICT CENTRAL COOP BANK LTD Co-op NA 643800002 Yes
202 THE NIZAMABAD DISTRICT CO-OP CENTRAL BANK LTD CO-OP NA 503814002 Yes
203 THE ODISHA STATE CO-OPERATIVE BANK LTD CO-OP ORCB0000001 751218002 Yes
204 THE PACHORA PEOPLES CO-OP. BANK LTD.PACHORA CO-OP HDFC0CPPCB1 NA Yes
205 THE PANCHKULA CENTRAL CO-OPERATIVE BANK LTD CO-OP UTIB0SPKL01 NA Yes
206 THE PATIALA CENTRAL COOPERATIVE BANK LTD. CO-OP NA 147847052 Yes
207 THE POCHAMPALLY COOPERATIVE URBAN BANK LTD CO-OP NA 500532251 Yes
208 THE PRAKASAM DISTRICT CO-OP CENTRAL BANK LTD CO-OP APBL0008001 NA Yes
209 THE PUNJAB STATE COOPERATIVE BANK LTD CO-OP NA 160350001 Yes
210 THE RAJASTHAN STATE CO-OPERATIVE BANK LTD CO-OP RSCB0000001 302190001 Yes
211 THE RAMANATHAPURAM DISTRICT CENTRAL CO OP BANK LTD CO-OP NA 623800002 Yes
212 THE ROPAR CENTRAL COOPERATIVE BANK CO-OP UTIB0SRCB01 NA Yes
213 THE ROYAL BANK OF SCOTLAND FOREIGN ABNA0000001 400030002 Yes
214 THE S.A.S NAGAR CENTRAL COOPERATIVE BANK LTD. CO-OP UTIB0SAS001 NA Yes
215 THE SAHEBRAO DESHMUKH CO-OP. BANK LTD. CO-OP SAHE0000001 400349003 Yes
216 THE SAHYADRI SAHAKARI BANK LTD CO-OP SASA0000001 400087001 Yes
217 THE SAIDAPET CO-OP URBAN BANK LTD CO-OP NA 600092256 Yes
218 THE SALEM DISTRICT CENTRAL CO-OPERATIVE  BANK LTD CO-OP NA 636624002 Yes
219 THE SANGRUR CENTRAL CO-OPERATIVE BANK LTD. CO-OP NA 148819004 Yes
220 THE SHAMRAO VITAL CO-OPERATIVE BANK CO-OP SVCB0000001 400089002 Yes
221 The Surat District Co-Op Bank CO-OP SDCB0000001 NA Yes
222 THE SURAT PEOPLE'S CO-OP. BANK LTD. CO-OP SPCB0251TIM 395251001 Yes
223 THE SUTEX CO-OP.BANK LTD. CO-OP SUTB0000001 395248001 Yes
224 THE TAMILNADU INDUSTRIAL COOPERATIVE BANK LTD CO-OP NA 600411001 Yes
225 THE TARN TARAN CENTRAL COOPERATIVE BANK LTD CO-OP NA 143838302 Yes
226 THE THANE DIST. CENTRAL CO-OP. BANK LTD CO-OP TDCB0000001 400524001 Yes
227 THE THIRUVANNAMALAI DISTRICT CENTRAL COOP BANK LTD CO-OP NA 606800002 Yes
228 THE TIRUNELVELI DISTRICT CENTRAL CO-OP BANK LTD  CO-OP NA 627803002 Yes
229 THE UDAIPUR MAHILA URBAN CO-OP BANK LTD CO-OP ICIC00UMUCB NA Yes
230 THE UDAIPUR URBAN CO-OP BANK LTD CO-OP NA 313577007 Yes
231 THE VAISH CO-OPERATIVE NEW BANK LTD CO-OP VCNB0000001 110195000 Yes
232 THE VARACHHA CO-OP BANK LTD CO-OP VARA0000001 395289002 Yes
233 THE VELLALA CO-OPERATIVE BANK LIMITED CO-OP NA 600092252 Yes
234 THE VELLORE DISTRICT CENTRAL CO-OP BANK LTD. CO-OP NA 632800002 Yes
235 THE VILLUPURAM DISTRICT CENTRAL CO-OP BANK LTD CO-OP NA 605901003 Yes
236 The Virudhunagar District Central Co-op Bank Ltd., CO-OP NA 626800302 Yes
237 THE VISHWESHWAR SAHAKARI BANK LTD  CO-OP VSBL0000001 411335001 Yes
238 THE WARANGAL DISTRICT COOPERATIVE CENTRAL BANK LTD CO-OP APBL0021001 NA Yes
239 THE WASHIM URBAN CO-OPERATIVE BANK LTD. CO-OP HDFC0CWUCBL NA Yes
240 THE WAYANAD DISTRICT CO-OPERATIVE BANK LTD. CO-OP NA 673839203 Yes
241 THE WEST BENGAL STATE CO-OP BANK LTD CO-OP WBSC0000001 700093012 Yes
242 TIRUVALLUR CO-OPERATIVE URBAN BANK LIMITED CO-OP NA 600091273 Yes
243 TJSB SAHAKARI BANK LTD CO-OP TJSB0000001 400109001 Yes
244 TRIPURA GRAMIN BANK RRB NA 799802001 Yes
245 TUMKUR GRAIN MERCHANT'S CO-OPERATE BANK LTD CO-OP TGMB0000001 560574000 Yes
246 UCO BANK PSB UCBA0000001 400028001 Yes
247 UNION BANK OF INDIA PSB UBIN0550451 400026000 Yes
248 UNITED BANK OF INDIA PSB UTBI0HOA139 700027001 Yes
249 VASAI VIKAS SAHAKARI BANK LTD CO-OP VVSB0000001 400803002 Yes
250 VIJAYA BANK PSB VIJB0009502 560029001 Yes
251 VISHWAS CO-OP BANK LTD. CO-OP NA 422504002 Yes
252 VIVEKANAND NAGRIK SAHKARI BANK MYDT CO-OP NA 465827051 Yes
253 YAVATMAL DISTRICT CENTRAL CO-OPERATIVE BANK LTD CO-OP NA 445813008 Yes
254 YES BANK PRIVATE YESB0000001 400532002 Yes
255 YOUTH DEVELOPMENT CO-OPERATIVE BANK LTD. CO-OP HDFC0CYDCBL NA Yes
A comparison between NACH and ECS
NACH ECS
A robust Mandate Management System, that will include a standardized mandate format and a defined workflow for mandate verification Mandate verification is done based on physicals, resulting in verification issues and delayed timelines
Unique mandate registration reference no will be available, which will allow for better tracking No such concept of a unique mandate registration reference number
Provision to capture destination bank's unique mandate registration in the transaction file resulting in lesser rejects Higher number of rejects observed on account of mandate related issues
Same day presentation and settlement, including returns processing Presentation and settlement is spread over 3-4 day period
Well defined Dispute Management System; electronic platform to raise and resolve issues. Oversight by the NPCI Dispute management is left to the discretion of the Destination Bank and Sponsor Bank

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

DESIGNED BY : Indigo Consulting
DEVELOPED BY :   Prosares Solution Pvt Ltd