Receivables

National automated clearing house (NACH) debit / electronic clearing system (ECS) debit

National Automated Clearing House (NACH) Debit / Electronic Clearing System (ECS) Debit

Through IDFC Bank’s National Automated Clearing House (NACH) Debit and Electronic Clearing System (ECS) Debit facilities, a debit demand can be raised for the recovery of periodic payments due to you from your counterparties. This is the perfect solution where you want to have control on your receivables for transactions with specific payment periodicity and varied amount e.g. premiums, utility, vendor dues  
Services

  • Easy and convenient way of mandate processing
  • Ease of transaction file structures
  • Event-based MIS and reports
  • Online mandate and transaction file upload facility

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