All you need to know about the Automated Clearing House Facility.
Automated Clearing House Facility - Remitting funds electronically from your bank account in the US to your Rupee Checking Account in India.
Automated Clearing House Facility uses the Automated Clearing House (ACH) network. ACH Network is a highly reliable and efficient nationwide electronic funds transfer system in the United States. ACH is governed by the NACHA (National Automated Clearing House Association) operating rules, which authorize inter-bank clearing of electronic payments.
Your Citibank Rupee Checking Account now allows you the added benefit of transferring funds Online from your bank account in the US, provided your bank in the US participates in ACH.
All you need to do is follow the simple process of registration for Automated Clearing House Facility and then get started with Online Remittances to your RCA.