Electronic Clearing Service (ECS)

GPTKB entity

Statements (21)
Predicate Object
gptkbp:instanceOf Electronic Funds Transfer
gptkbp:category gptkb:city
banking
https://www.w3.org/2000/01/rdf-schema#label Electronic Clearing Service (ECS)
gptkbp:introducedIn 1990s
gptkbp:operatedBy gptkb:Reserve_Bank_of_India
gptkbp:regulates gptkb:Reserve_Bank_of_India
gptkbp:replacedBy gptkb:National_Automated_Clearing_House_(NACH)
gptkbp:type credit
debit
gptkbp:usedFor bulk payments
utility bill payments
salary payments
dividend payments
pension payments
interest payments
bulk receipts
loan installment payments
gptkbp:usedIn gptkb:India
gptkbp:bfsParent gptkb:Payment_and_Settlement_System
gptkbp:bfsLayer 7