ECS (Electronic Clearance Service) is an electronic method for transferring funds from one bank to another. This system allows paperless transactions and provides a fast method for periodic and repetitive payments.
With ECS (Debit), one can pay for Utility bills (eg - electricity, telephone, Mobile bills, credit cards, etc.), Mutual Fund (SIP), Insurance Premium, Loan Installments, credit card payments, payments of donations, etc.
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