The National Automated Clearing House (NACH) is a centralized system operated by NPCI for bulk payments like subsidies, pensions, and EMI collections. What is the maximum transaction limit under NACH?​

Correct option is E

The National Automated Clearing House (NACH) does not prescribe an explicit maximum transaction limit. The platform is specifically designed to handle high-volume, bulk payments and collections, without imposing a fixed monetary ceiling on individual transactions. However, certain institutional guidelines or regulatory restrictions may apply in the case of specific categories of payments.

The primary objective of NACH is to enable the efficient, nationwide, electronic processing of recurring transactions such as salaries, pensions, EMIs, and utility bill payments, thereby streamlining large-scale financial settlements across the country.