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    Electronic Clearing Service (ECS)/ National Automated Clearing House (NACH)

    2. Electronic Clearing Service (ECS)/ National Automated Clearing House (NACH)

    Description

    Charges

    ECS/NACH Registration of Mandate/ Signature Verification Charges

    Rs.150/- per mandate

    Mandate Registration Charges/ Signature Verification Charges/transaction charges for contribution towards following Schemes:

    (i) Pradhan Mantri Kisan Maan-dhan Yojana (PM-KMY)

    (ii) Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)

    (iii) Pradhan Mantri Laghu Vyapari Maan-dhan Yojana (PM-LVMY)

     

    NIL

    ECS/NACH Return Charges (Per entry/item) due to non-availability of fund in customer account/ failed mandate

    Inward Return

    Upto Rs.1 lac - Rs.200/-

    Above Rs.1 lac- Rs.500/-

    Outward Return

    Upto Rs.1 lac - Rs.150/-

    Above Rs.1 lac- Rs.400/-

    ECS/NACH Credit Clearing (Per entry) as a Sponsor Bank

    Individuals

    NIL

    Corporate Bodies/Institutions

    Rs.5.50 per transaction. Minimum Rs.3000 + Charges payable to NPCI and destination bank, if any

    ECS/NACH Debit Clearing (Per entry) as a sponsor Bank

    Individuals

    NIL

    Corporate Bodies/Institutions

    Rs.4.00 per transaction. Minimum Rs.2500 + Charges payable to NPCI and destination bank, if any

    Note:

    • In terms of RBI guidelines, No charges shall be levied in respect of Income Tax Refund Orders.
    • ECS operations are not applicable for RD accounts.
    • All type of charges are exclusive of GST.
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