Electronic Clearing System

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Querist : Anonymous

Querist : Anonymous (Querist)

06 December 2009 Kindly provide me an explanation in relation to Electronic Clearing System adopted by banks

haridhayalan

haridhayalan (Expert)
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06 December 2009 ECS means giving standard instruction given to bank for paying our personal bills or company loan payment anything. Ex: your mobile bill, electricity bill, vehicle loan, personal loan can give ecs to your bankers. then all will hit your bank account by due date. keep sufficient money and avoid wasting time to make the bills.

Querist : Anonymous

Querist : Anonymous (Querist)

10 December 2009 Thanks for increasing my knowledge.

Can I get to know, what procedure the bank is exactly following including the clearing house to provide this electronic clearing service?

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Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2010 Thanks for you reply.