ECS Inward Dr. / Cr.

Shree Sharada Sahakari Bank Ltd., Pune    19-Sep-2015

ECS Inward Debit :  The bank undertakes to carry out ECS debit transaction of  customers if :

  • Customer have already provided valid and complete mandate to accept any debit received through ECS.
  • Customer has sufficient balance in the account at the time of executing ECS mandate.

ECS Inward Credit :

  • Bank undertakes to Credit ECS amount to the Customers Account, if provided Name & Account Number matches with bank record.