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ELECTRONIC CLEARING SERVICE (ECS) MANDATE FORM (For Shares held in physical form) Tokay Computer share Pvt. Ltd. Unit: Grain Industries Limited Early Selenium, Tower B, Plot 3132, Gachibowli, Financial
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What is electronic clearing service ecs?
Electronic Clearing Service (ECS) is an electronic mode of funds transfer from one bank account to another.
Who is required to file electronic clearing service ecs?
Businesses or individuals who need to make regular payments to vendors or employees may be required to file ECS.
How to fill out electronic clearing service ecs?
To fill out ECS, one needs to provide details of the recipient's bank account, the amount to be transferred, and the date of transfer.
What is the purpose of electronic clearing service ecs?
The purpose of ECS is to facilitate quicker and more convenient transfer of funds between accounts.
What information must be reported on electronic clearing service ecs?
Information such as the recipient's bank account number, IFSC code, and the amount to be transferred must be reported on ECS.
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