|Definition||:||Electronic Clearing System|
|Category||:||Business » Banking|
What does ECS mean?
Electronic Clearing System or Electronic Clearing Service (ECS) is a service offered by many banks, that facilitates paperless credit / debit transaction directly linked to your account and also provides a faster method of periodic and repetitive payments.
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Frequently Asked Questions (FAQ)
What is the full form of ECS in Banking?
The full form of ECS is Electronic Clearing System