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How Does A Beneficiary Participate In Ecs (credit) Scheme? |
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Answer» The beneficiary has to furnish a mandate giving his consent to AVAIL of the ECS facility. He should also communicate to the ECS user the details of his BANK branch and ACCOUNT particulars. Such authorisation FORM is called a mandate. The beneficiary has to furnish a mandate giving his consent to avail of the ECS facility. He should also communicate to the ECS user the details of his bank branch and account particulars. Such authorisation form is called a mandate. |
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