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MetLife India Insurance Co. Ltd. (Insurance Regulatory and Development Authority Life Insurance Registration No. 117) Registered Office: ? Brigade Seshamahal?, 5, Van Vila's Road, Basavanagudi, Bangalore

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What is ecs mandate ver 2?

ECS Mandate Ver 2 is an electronic clearing service mandate version 2. It is a standardized form that allows account holders to authorize banks to automatically debit their accounts for certain transactions.

Who is required to file ecs mandate ver 2?

Any individual or entity who wishes to set up an electronic clearing service for automatic debits from their bank account must complete and file an ECS Mandate Ver 2.

How to fill out ecs mandate ver 2?

To fill out ECS Mandate Ver 2, you need to provide information such as your name, contact details, bank account information, and the purpose for which the automatic debits are authorized. You may also need to attach supporting documents or proofs as required by the bank.

What is the purpose of ecs mandate ver 2?

The purpose of ECS Mandate Ver 2 is to streamline and automate the process of recurring payments or debits by providing a standardized form for authorization. It ensures that the account holder's consent is obtained and enables banks to automatically debit the specified amount from the account.

What information must be reported on ecs mandate ver 2?

ECS Mandate Ver 2 requires the reporting of the account holder's name, contact details, bank account information (including account number and branch details), purpose of the automatic debits, and any supporting documents or proofs as specified by the bank.

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