NFS Full Form – All About National Financial Switch

NFS stands for National Financial Switch. It is a term related to Governmental &Financial, Useful Terms and Definitions which we use in daily life but we do not know their full name, Here’s a list of important abbreviations that you should know.

AcronymFull Form
NFSNational Financial Switch
CategoryGovernmental &Financial
RegionIndia

What is full form of NFS?

The full form of NFS is the National Financial Switch. National Financial Switch (NFS) is the largest network of shared ATMs in India. It was designed, developed and deployed by the Institute for Development and Research in Banking Technology (IDRBT) in 2004, with the aim of interconnecting the country’s ATMs and facilitating convenience banking.

It is run by the National Payments Corporation of India (NPCI).

Here you learn the full name and complete information of National Financial Switch, if you have questions and answers related to NFS, then tell us your thoughts in the comment, know the complete meaning of NFS in this article.

How does the national financial change work?

The national financial switch allowed interconnectivity between the bank’s switches, so that transactions made at any ATM could be routed to the connected banks. In this way, it allows customers of said bank to access banking services through any ATM of a connected bank.

What is the National Financial Switch service?

National Financial Switch (NFS) is the largest network of shared ATMs in India. It was designed, developed and implemented with the aim of interconnecting the country’s ATMs and facilitating convenience banking. It is run by the National Payments Corporation of India (NPCI).

What is the meaning of NFS in banking?

National financial change
The National Financial Switch (NFS) ATM network which has 37 members and connecting around 50,000 ATMs was taken over by NPCI of the Institute for Development and Research in Banking Technology (IDRBT) on December 14, 2009.