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Ecs Interview Questions in Ecs Tutorial
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How Does The Scheme Benefit The Ecs User-like Cor...
1.
How Does The Scheme Benefit The Ecs User-like Corporate Bodies/ Institutions?
Answer»
The ECS user saves on administrative machinery for printing, dispatch and reconciliation.
Avoids
CHANCES
of
LOSS
of instruments in
POSTAL
transit.
Avoids chances of frauds due to fraudulent access to the
PAPER
instruments and encashment.
Ability to
MAKE
payment and ensure that the beneficiaries’ account gets credited on a designated date.
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Related InterviewSolutions
Which Are The Institutions Eligible To Participate In The Ecs Debit Scheme?
Processing Charges On Individual Transactions?
What Is The Current Coverage Of The Scheme?
Can The Customer Stipulate Any Maximum Debit, Purpose Or Validity Period For The Mandate?
Can The Mandate Given Once Be Withdrawn Or Stopped?
How Does The Scheme Work?
What Is Ecs (debit) Scheme?
Is It Necessary For The Corporate/institutions To Collect Mandate From The Investors?
Is There Any Limit On The Amount Of Individual Transactions?
How Can The Customer Track-down These Payments?
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