please suggest full form of ecs
Also provide some brief description
Answers
Answered by
2
Electronic clearing service.
it is an electronic mode of funds transfer from one bank account to another
it is an electronic mode of funds transfer from one bank account to another
Answered by
2
ECS -Electronic Clearing System
1-It is a service your bank provides when you need to transfer funds from one bank account to another electronically.
there are two types
1-One is called the ECS credit
2-other is called the ECS debit
1-It is a service your bank provides when you need to transfer funds from one bank account to another electronically.
there are two types
1-One is called the ECS credit
2-other is called the ECS debit
ECS credit is when an institution makes a credit to your savings account.
ECS debit is when you choose to make recurring payments, as EMI towards your loans, or SIP payments towards your mutual funds and the like.
please mark it as brainliest
Divya232:
please mark it brainliest
Similar questions