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12th September 2015, 09:47 AM
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Join Date: May 2012
Re: ECS Standard chartered

Yes it is true that Standard Chartered introduces the Electronic Clearing System (ECS), an innovative facility for people that are busy
With this facility, ones credit card bill is automatically debited from his/her savings account, so one should don't need to worry about missing a payment.

And since this entire process happens through the Reserve Bank of India's electronic clearing mechanism, you can enjoy the advantages of ECS, no matter which bank holds your savings account.

Special Features

No need to write and send a cheque every month
No worries about payments being lost or delayed in transit
No more late payment charges
Unlike other cards, your Standard Chartered card offers you the flexibility of choosing the amount you wish to pay with ECS. Just call our credit card helpline before payment is due and let them how much you want to pay for the month.

How to apply

To apply for this facility, simply download the required forms, submit Form A to your bank (where you maintain your account) and
send Form B and Form C to Standard Chartered Bank (drop it off at any of our conveniently located cheque drop-off boxes or mail it to the address on the form.

Please enclose a photocopy of a blank cancelled cheque issued by your bank.

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