What is NACH Mandate?

NACH Mandate

Payments in India have evolved over the years, from cash payments to digital payments, we have made huge progress in the last few years. India has developed towards a cashless economy. The Reserve Bank of India (RBI), controls and regulates payment systems in India. The RBI has taken the necessary steps to facilitate the Net and […]

What is ECS Mandate?

Electronic Clearing Service(ECS) - What it is and How it Works

Remember when paying bills manually or offline was a thing? Every month, a calendar was prepared to mark the due dates of different bills, and waiting in long queues was mandatory to get the bills paid. Earlier everything was done manually, which required a lot of time and patience, since ECS Mandate was implemented this […]