relating to ECS
This query is : Resolved
23 August 2008
What is the full form of ECS ?
What is the full form of ECS ?
23 August 2008
also meaning of it.
also meaning of it.
23 August 2008
reply as early as possible
reply as early as possible
23 August 2008
I also wnat to know meaning of it with an example.
I also wnat to know meaning of it with an example.
23 August 2008
Hi Vishnu,
ECS is a process wherein you may make payments by giving special instruction to bank.
You need not have to issue cheque.
For doing so, you need to know the MICR number and RTGF code of the vendor to whom you want to make payment through ECS.
ECS is benefitted wherein you need to make monthly payments. Eg. Home Loan EMI, electricity payment, telephone bill payment etc.
Please get in touch with your nearest bank for further clarity on the subject.
Rgds/
Vineet
ECS is a process wherein you may make payments by giving special instruction to bank.
You need not have to issue cheque.
For doing so, you need to know the MICR number and RTGF code of the vendor to whom you want to make payment through ECS.
ECS is benefitted wherein you need to make monthly payments. Eg. Home Loan EMI, electricity payment, telephone bill payment etc.
Please get in touch with your nearest bank for further clarity on the subject.
Rgds/
Vineet
23 August 2008
Hello vishnuagarwal,
ECS stands for Electronic Clearing Service.
What is that?
If you are a salaried person and have a salary account in a bank. Then, you can contact bank authorities and sign for ECS for loans that is ...
previously, when we buy loans each month we will have to pay them back using cheque or cash. Isn't?
Now, if you sign for ECS and submit that copy to the bank from where you are getting loan, then they will automatically detect the loan EMI amount on a specified date of a month.
Eg: In my case, each month on 05'th, ICICI detects a specific amount as EMI from my account.
ECS stands for Electronic Clearing Service.
What is that?
If you are a salaried person and have a salary account in a bank. Then, you can contact bank authorities and sign for ECS for loans that is ...
previously, when we buy loans each month we will have to pay them back using cheque or cash. Isn't?
Now, if you sign for ECS and submit that copy to the bank from where you are getting loan, then they will automatically detect the loan EMI amount on a specified date of a month.
Eg: In my case, each month on 05'th, ICICI detects a specific amount as EMI from my account.
23 August 2008
thanx
thanx
23 August 2008
but what is the RTGF CODE?
but what is the RTGF CODE?
23 August 2008
I don't think that is RTGF Code.
i.e RTGS Code- real time gross settlement code. This code is used for funds transfer.
i.e RTGS Code- real time gross settlement code. This code is used for funds transfer.
25 August 2008
thanx
thanx
25 August 2008
thnx a lot for replying my queries
thnx a lot for replying my queries
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Not able to file ITR
- Rental income of jointly held property
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
