Safe ePayments

Today Reserve Bank of India, DPSS has issued a clarification on Dishonour of electronic funds transfer for insufficiency of funds i...

Retail Electronic Payment Systems – NEFT / NECS / RECS / ECS – Levy of Processing Charges The era of free lunch is over. As the volumes i...

Uniformity in penal interest payable by banks for delays in credit / return of NEFT / NECS / ECS transactions As a customer friendly fea...

ECS Debit – Return Reasons It is observed that the number of ECS Transactions being RETURNED by the Destination Banks are   on the increase...

As per the ECS Credit Procedural Guidelines, a Mandate Form is required for ECS credits. A Mandate for a ECS Debit transaction is understan...

What is NECS and why is it required? Ans; NECS stands for National Electronic Clearing Service. It is an inititative launched by Reserv...

Electronic Clearing Service(ECS) - FAQs Q.1. What is Electronic Clearing Service (ECS)? Ans It is a mode of electronic funds transfer from o...

Electronic Clearing Service(ECS) - FAQs Q.1. What is Electronic Clearing Service (ECS)? Ans It is ...

The central bank of any country is usually the driving force in the development of the national payment system. The Reserve Bank of India (R...