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1st December 2015, 11:04 AM
Super Moderator
Join Date: Apr 2013
Re: ECS Charges Bank of Baroda

Electronic Clearing Services (ECS) is an electronic mode of funds transfer from one bank account to another.

It is a unique system under which Bank of Baroda helps companies and institutions making heavy payments disburse these amounts directly into the bank accounts of the beneficiaries such as account holders, shareholders, investors etc.

Terms & Conditions:
It is generally used for salary and pension payments (Subject to a minimum of 2500 payments and an upper limit of Rs. 1 Lakh on any individual payment).

Over 50 corporate bodies and Government departments are already using the system for bulk and repetitive payments with 20 more corporate bodies ready to launch into the same.

No service charges

This service is available at 16 centres of Bank of Baroda,

Bank Of Baroda
135, Ground Floor, Vasavi Chambers,
Dr Annie Besant Rd, Opp. Allahabad Bank,
CDC Building, Municipal Colony,
Worli Shivaji Nagar, Worli, Mumbai,
Maharashtra 400030

[MAP]Bank Of Baroda Maharashtra[/MAP]

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