What is the Electronic Clearing
Service (ECS) - Debit Clearing?
Electronic Clearing Service (Debit Clearing) Scheme or ECS (Debit
Clearing) is an offline electronic funds transfer system operated
by the Reserve Bank Of India and allows paperless debit transactions
between banks. ECS (Debit Clearing) covers transactions of the following
This service can be used by electricity companies, telephone companies,
credit card issuers, insurance companies and other service providers
to collect their payments from their customers. Use of ECS (Debit
Clearing) obviates the need for issuing and handling paper instruments
(viz. customers do not need to issue cheques and banks are not required
to process them subsequently) and thereby facilitates customer service.
- repetitive payment collections like telephone, electricity bills,
loan installments, insurance premium
- transactions relating to collections by a single company from
a large number of customers.
How is BillDesk
using this service?
BillDesk will use ECS (Debit Clearing) as one of the payment mechanisms
for debiting your bank account for making payment to your billers
As the sponsor Bank of BillDesk, Bank of Baroda will provide
payment and clearing services for all the transactions originated
through BillDesk for payment using ECS. BillDesk obtains a specific
authorization from you through an ECS Mandate form for making payment
from your bank account.
What is an ECS Mandate
The ECS Mandate form authorises your bank to debit your bank account
to honour your payment instructions at BillDesk. The ECS mandate
form needs to be signed by you and certified by your bank branch.
Is my existing ECS
mandate to a biller also valid at BillDesk?
No. To avail of the BillDesk service you need to submit a fresh
mandate and withdraw your previous mandate with the biller. Please
note that with a single ECS mandate at BillDesk you will be able
to pay all the billers/payees registered at BillDesk.
How does ECS (Debit Clearing)
The ECS (Debit Clearing) process takes 7 working days. Currently
there are two ECS cycles during the week, beginning on Tuesdays
and Fridays. The day-to-day process is given below assuming that
the first day is a Tuesday.