Any ECS USER desirous of participating in the scheme has to register with an approved clearing house. The list of approved clearing houses is available at RBI web-site www (dot) RBI (dot) org (dot) in. He should also collect the mandate forms from the participating destination account holders, with bank’s acknowledgement. A COPY of the mandate should be available with the drawee bank.

The ECS user has to SUBMIT the data in specified form through the sponsor bank to the clearing house. The clearing house would pass on the debit to the destination account holder through the clearing system and credit the sponsor bank’s account for onward CREDITING the ECS user.

All the unprocessed debits have to be returned to the sponsor bank within the time frame specified. Banks will treat the electronic instructions received through the clearing system on PAR with the physical cheques.

Any ECS user desirous of participating in the scheme has to register with an approved clearing house. The list of approved clearing houses is available at RBI web-site www (dot) RBI (dot) org (dot) in. He should also collect the mandate forms from the participating destination account holders, with bank’s acknowledgement. A copy of the mandate should be available with the drawee bank.

The ECS user has to submit the data in specified form through the sponsor bank to the clearing house. The clearing house would pass on the debit to the destination account holder through the clearing system and credit the sponsor bank’s account for onward crediting the ECS user.

All the unprocessed debits have to be returned to the sponsor bank within the time frame specified. Banks will treat the electronic instructions received through the clearing system on par with the physical cheques.