 "Digital payment")
The second wave of the pandemic and the localised lockdowns have led to the problem of failure in auto-debit transactions surfacing again in April.
According to the National Automated Clearing House (NACH) data, in April 34.05 per cent of auto-debit transactions in volume terms failed compared to 32.76 per cent in March — the lowest after February 2020.
In absolute terms, in April of the 85.4 million auto-debit transactions initiated, 56.3 million were successful, while 29.08 million failed. Since December, the share of unsuccessful auto-debit requests had been declining steadily, indicating higher regularity in equated monthly instalments (EMIs),
According to the National Automated Clearing House (NACH) data, in April 34.05 per cent of auto-debit transactions in volume terms failed compared to 32.76 per cent in March — the lowest after February 2020.
In absolute terms, in April of the 85.4 million auto-debit transactions initiated, 56.3 million were successful, while 29.08 million failed. Since December, the share of unsuccessful auto-debit requests had been declining steadily, indicating higher regularity in equated monthly instalments (EMIs),
