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What are the processing / service charges levied under ECS Debit?

Charges Debit ECS levied service
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What are the processing / service charges levied under ECS Debit?

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Ans : The Reserve Bank of India has deregulated the charges to be levied by sponsor banks from user institutions. The sponsor banks are, however, required to disclose the charges in a transparent manner. No processing charges are levied by the ECS Centres; the same has been waived till March 31, 2010. Bank branches do not generally levy processing / service charges for debiting the accounts of customers maintained with them.

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