Payables

Electronic clearing services (ECS) / national automated clearing house (NACH) credit

Electronic Clearing Services (ECS) / National Automated Clearing House (NACH) Credit

IDFC Bank facilitates low value bulk outward payments, using any of the available electronic clearing mechanisms. The National Automated Clearing House (NACH) Credit provides IDFC Bank the opportunity to be able to present your transactions centrally payable to 90,000+ bank branches within India.
Electronic Clearing Services (ECS) Credit ensures that at all ECS-participating clearing locations where IDFC Bank exists, we would be able to arrange for your settlement dates and manage the entire cycle seamlessly.
Services

  • Single file across locations, across NACH/ECS
  • Ability to upload the files and download reports via our comprehensive Internet Banking Platform 'IDFC Bank BXP - Business eXperience Platform', with enhanced cut-offs

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