Electronic clearing service

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf Electronic funds transfer system
gptkbp:enables automatic transfer of funds
https://www.w3.org/2000/01/rdf-schema#label Electronic clearing service
gptkbp:introduced 1990s
gptkbp:operatesIn gptkb:India
gptkbp:regulates gptkb:Reserve_Bank_of_India
gptkbp:replacedBy gptkb:National_Automated_Clearing_House
gptkbp:requires mandate from account holder
gptkbp:type credit clearing
debit clearing
gptkbp:used_in banks in India
gptkbp:usedFor bulk payments
salary payments
dividend payments
pension payments
interest payments
gptkbp:bfsParent gptkb:Cheque_Truncation_System
gptkbp:bfsLayer 8