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Definition | : | National Financial Switch |
Category | : | Business » Banking |
Country/ Region |
: | India
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Type | : |
Initialism
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National Financial Switch (NFS) is an interbank network in India that connects all the Automated Teller Machines (ATM) in the country.
NFS was designed by the Institute for Development and Research in Banking Technology (IDRBT) and is managed by the National Payments Corporation of India (NPCI).
NFS aims to provide a seamless ATM network that allows customers of participating banks to use any ATM in the country.
Network File System
Data Storage
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Need for Speed
Games & Entertainment
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The full form of NFS is National Financial Switch