Home Finance Auto debit bounce rates drop further in October to touch pre-Covid levels

Auto debit bounce rates drop further in October to touch pre-Covid levels

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Auto debit bounce rates drop further in October to touch pre-Covid levels

NACH data shows that of 86.6 mn transactions in October, 27 mn

or 31.24% failed while 59.52 mn went through; In value terms, 24.83% of the transactions declined in October, lowest since Jan 2020

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