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National Automated Clearing House, introduced by National Payments Corporation of India, is a centralised clearing service that aims at providing interbank high volume, low value transactions that are repetitive and periodic in nature.
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.
India is a member of the British-organized Commonwealth of Nations. India successfully practices a democracy with regular elections inspired by western countries. Following Gandhi independent India worked to increase the status of women, who became citizens with the franchise and the right to divorce. [17]