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Who will communicate the beneficiaries about the credit?

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10 Posted

Who will communicate the beneficiaries about the credit?

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10

Ans It is the responsibility of the ECS user to communicate to the beneficiary the details of credit that is being afforded to his account, indicating the proposed date of credit, amount and the relative particulars of the payment, so that the beneficiary can match the same with the details furnished by the bank in the account statement/passbook.

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