1.

What Are The Types Of Ecs? In What Way They Are Different From Each Other?

Answer»

There are two TYPES of ECS called ECS (Credit) and ECS (Debit):

  1. ECS (Credit) is used for affording credit to a large number of beneficiaries by raising a single debit to an account, such as DIVIDEND, INTEREST or salary payment.
  2. ECS (Debit) is used for raising debits to a number of accounts of consumers/ account holders for crediting a particular institution.

There are two types of ECS called ECS (Credit) and ECS (Debit):


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