Electronic Clearing Service-ECS
About this Services
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Electronic Clearing Service
ECS is an electronic clearing system that facilitates paperless credit / debit transaction directly linked to your account and also provides for a faster method of effecting periodic and repetitive payments.
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Benefits of ECS (Debit)
Through ECS (Debit), you can pay all your Utility bills (electricity/telephone/Mobile bills, credit cards, etc), Mutual Fund (SIP), Insurance Premium, Loan Installments, credit card payments, payments of donations and other bill payments.
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How will you gain from ECS?
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Non-issuance of multiple cheques
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Timely payment of bills /installments /premium without remembering the due dates
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No late payment charges
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For your convenience, Axis Bank has tied up with various service providers across the country.
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All you need to do is to register for bill payments with your service provider, banks and financial institutions by providing details such as name, account number, name of the bank /branch, MICR code, etc.
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Security & Safety of your money
To protect your account from excess debits, you can select the top-limit for your account. If your bill amount exceeds the limit, the payment will be cleared by the Bank, only after obtaining your approval.
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