NIFT - National Institutional Facilitation Technologies (Pvt.). Ltd. was incorporated in September 1995 as joint venture between a consortium of six banks and entrepreneurs from the private sector. All commercial banks and all of their branches in major cities avail NIFT's services. As of January 2014, 38 commercial banks and their over 9000 branches in 300 major cities, and towns utilize NIFT's services through 28 Processing Centers. In 2014, we have increased the paid up capital to 250 million rupees and authorized capital to 500 million.