Write note on ECS debit?

1.	Write note on ECS debit?
Answer» ECS debit: ECS debit is an inverse of ECS credit. It is used for bulk collection of amounts. In this mode, multiple accounts are debited and then a single account is credited. This type of transactions are Pull transactions. Example: The insurance premium of bulk number of customers.

Answer»

ECS debit:

ECS debit is an inverse of ECS credit. It is used for bulk collection of amounts. In this mode, multiple accounts are debited and then a single account is credited. This type of transactions are Pull transactions. Example: The insurance premium of bulk number of customers.

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Write note on ECS debit?

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