WebECS is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms ECS - What does ECS stand for? The Free Dictionary WebIn simple terms, ECS is an electronic mode of money transfer that is used for making a variety of payments such as clearing pension, distributing dividends, paying salary, distributing interest, etc. With ECS, the transfer of funds from one bank account to another bank account was made hassle-free.

Electronic Clearing System Definition Law Insider

WebThis question is for testing whether you are a human visitor and to prevent automated spam submission. Audio is not supported in your browser. Webnoun redebit the recording or an entry of debt in an account. 2. noun redebit Bookkeeping. that which is entered in an account as a debt; a recorded item of debt. any entry or the total shown on the debit side. the left-hand side of an account on which such entries are made (opposed to credit). 1. verb with object redebit to charge with a debt ... green eyed redheads

Electronic Clearing Service(ECS): What Is ECS And How It Works?

WebJun 27, 2024 · ECS debit happens when money is automatically deducted from your account in the form of EMI, credit card bill, utility bills, and subscription plans, among … WebMeaning of Electronic Clearing Services and Types of ECS - ECS Credit and ECS Debit is explained in this lecture#advancedbanking#bankmanagement#ecscredit#ecs... WebDebit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and … green-eyed redheads