ECS Full-Form | Full Form Of ECS | ECS meaning in Hindi

ECS :Electronic Clearing Service

The full form of ECS is Electronic Clearing Service. It is an electronic mode of funds transfer from one bank account to another bank account.

Types of ECS

ECS Debit :-  An individual makes an EMI payment for the loans, mutual funds, policy primes, etc.

ECS Credit :- An organization or institution makes credit to the bank account of a person. For example, Wage credit, dividends, pension, incentives etc.

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