Get Electronic Clearing Service (e.c.s) Auto Debit Mandate Form
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How to fill out the Electronic Clearing Service (E.C.S) Auto Debit Mandate Form online
The Electronic Clearing Service (E.C.S) Auto Debit Mandate Form is essential for setting up automated contributions to your Permanent Retirement Account (PRA) under the National Pension System (NPS). This guide will walk you through each section of the form, ensuring you complete it accurately and efficiently.
Follow the steps to fill out the form online with ease.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- In the 'Permanent Retirement Account (PRA) Details' section, enter the PRA holder’s name in capital letters and provide your 12-digit PRA number. Fill in the name of the POP and specify the PRA location.
- Next, move to the 'Bank Account Details' section. Here, you need to fill in your bank account number, select the account type, and add the account holder’s name. Also, indicate the bank name and the address of the bank branch where the account is held.
- Complete the 'Bank City' field and enter the 9-digit MICR number. Don’t forget to include your PIN code.
- In the 'Contribution Details' section, write the name of the beneficiary, which refers to the POP collection account name.
- Indicate the preferred date of effect for the deductions by ticking the applicable date options (01, 05, 10, 15, 20, 25, or others). Specify your preferred periodicity, choosing either monthly or quarterly.
- Clearly state the amount of contribution per installment in Rupees and define the duration of the contribution.
- Input the start date and end date for the contributions in the designated fields (format: __/__/20__).
- In the 'Declaration' section, carefully read the statement and confirm your understanding and agreement by signing and dating the form.
- Finally, review all the information entered for accuracy before you proceed to save changes, download, print, or share the form as needed.
Complete your Electronic Clearing Service Auto Debit Mandate Form online today!
The ECS mandate was created to simplify and enhance the efficiency of payment processes in banking. It reduces the burden of manual payment, helping both consumers and businesses manage finances easier. By implementing the Electronic Clearing Service (E.C.S) Auto Debit Mandate Form, banks and service providers can ensure a reliable system for recurring payments.
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