Indian Payments Deep Dive: NACH, BBPS, FEMA

What You Can Do After This Chapter

Learning objective. Learner explains Indian payment systems in depth, including NACH, BBPS, and FEMA rules, and applies them to recurring collections, bill payments, and cross-border transfers from India. Learner practises this skill on realistic banking cases, explaining the reasoning clearly and using correct terminology throughout the work.

Practical assessment. Learner designs a NACH mandate collection for 10,000 customers paying 2,000 rupees monthly, covering mandate registration, presentation, and failure handling. Learner then traces a BBPS bill payment of 1,500 rupees and checks a 20,000 dollar outward remittance against FEMA purpose codes, flagging one non-compliant item with the correct rule. Learner presents the work with calculations and assumptions stated clearly, then reviews it against the chapter checklist and corrects any gaps before submission.

Expected deliverables.

• NACH mandate collection design
• BBPS payment trace
• FEMA purpose code check sheet
• Failure handling guide for NACH debits

Completion criterion. Learner designs the NACH flow correctly, traces the BBPS payment accurately, and flags the FEMA issue with the correct purpose code rule. Judgement covers accuracy, completeness, and clear written explanation in the submitted work.