ECS stands for Electronic Clearing Service, a mode of payment or receipt of transactions that happens repeatedly and is periodic in nature. RBI has clearly stated that to stop the ECS mandate, a person has to approach the institution and request to withdraw the mandate. I did not find any online process to cancel it hence had to visit my HDFC bank and request the officials to cancel the mandate. You can call on your bank’s customer service number and request them there. You will be requested to provide some details like
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Name
Registered number with bank account
Reason and application to cancel the ECS mandate
To understand the process more precisely, read an answer from NoBroker forum here
How to stop ECS in HDFC bank?
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Read More:How to change ECS from one bank to another?
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WHAT IS THE ECS MANDATE CANCEL PROCESS?
Sukhrambhai Rathva
98 Views
1
2 Year
2022-12-20T10:08:19+00:00 2022-12-27T07:31:33+00:00Comment
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