NACH
NACH is a bulk pay system run by NPCI. Firms use it to pay staff, send a refund and pick up a loan EMI. One file can pay many people at the same time.
Banking & FinanceNEFT
NEFT moves your money from one bank to another. It is not instant, because banks send it in batches. Use it to pay bills, staff and small firms.
Banking & FinanceNil-Rated Supply
A Nil-Rated Supply has a 0% GST rate. No tax is charged on it. You cannot claim the input tax credit. You still report it in your GST return.
GST & Indirect TaxNo-Claim Bonus
No-Claim Bonus is what your insurer gives you at renewal. You earn it when you make no claim for a full year. It cuts what you pay next time.
InsuranceNOC
A NOC is a no objection certificate from your lender. It says you have paid the loan in full. You need it to sell the asset. You need it to get your papers.
Banking & FinanceNPCI
NPCI runs the retail pay net in India, and your bank is one of its owners. UPI, IMPS, NACH and RuPay all sit under it. It is a set of banks.
Banking & FinanceNRI
NRI means Non-Resident Indian. It is a tag for a person from India who now lives abroad. Your tax and bank terms change with it. Tell your bank when you go.
FEMA & International Tax