Digital Payments and Transactions: Year-, Month- and Bank-wise Number of Transactions Performed and Failed by Credit Sponsor Banks through NACH

The dataset contains year, month and bank-wise data on the transactions performed (responses) and failed (returns) by credit sponsor banks through National Automated Clearing House (NACH) system Notes: 1. NACH Credit is an electronic payment service used by an institution for affording credits to a large number of beneficiaries in their bank accounts for the payment of dividend, interest, salary, pension etc. by raising a single debit to the bank account of the user institution 2. Business Declines (BD) are declined transactions due to a customer entering an invalid pin, incorrect beneficiary account etc. or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. 3. Technical Declines (TD) transactions are those transactions are declined due to any technical reasons such as bank ID is empty or not in correct format or exception code not in Database or not in correct format, etc