NACH 3.0: Big information has come out from the National Payments Corporation of India (NPCI). NPCI is going to update its NACH system. The full name of NACH is National Automated Clearing House. Its updated version will be called NACH 3.0. It is claimed that after this update, auto payment will become faster from the month of July, that is, the money you pay for Netflix subscription or schedule auto payment for electricity and water bills will be done quickly.

According to report, salary will also be transferred to people’s account quickly and paying EMI will also become digitally fast. It is claimed that NACH 3.0 has been designed in such a way that it follows high-tech security rules. Let’s know how NACH 3.0 technology works.

What is NACH 3.0 system

As we told you, the full form of NACH is National Automated Clearing House. It is a strong automated system of transactions between Indian banks. Through this system, money for salary, subsidy, pension etc. is transferred online to your account. Also, you can make auto payments for your loan. Through this system, your SIP money is also deducted from the account.

In such systems, GPU i.e. Graphical User Interface plays a big role. NACH’s GPU has been upgraded. This will give users a faster and secure experience. It is being said that after the technical change, more payments will be possible and faster transfers will be possible. Many report says that people will get the facility of self-service user management and they will be able to complete many digital tasks without the help of a bank.

Users’ data will remain safe

With the arrival of NACH 3.0, users’ data will be more secure than before. According to the report, advanced security standards have been introduced in NACH 3.0 to improve transactions along with data security. With their help, no unnecessary access will be allowed, that is, no one will be able to mess with the system. To keep the user’s account safe, he will get the facility of multi-factor authentication. No file will be downloaded in plain text. Every file will have an encryption, so that your transaction information does not come to anyone else’s eyes.