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Carry out regular, repetitive payments faster with
paperless transactions directly linked to your account
About this Service
Electronic Clearing Service
ECS is an electronic clearing system that facilitates paperless credit / debit transaction directly linked to your account and also provides for a faster method of effecting periodic and repetitive payments.
Benefits of ECS (Debit)
Through ECS (Debit), you can pay all your Utility bills (electricity/telephone/Mobile bills, credit cards, etc), Mutual Fund (SIP), Insurance Premium, Loan Installments, credit card payments, payments of donations and other bill payments.
How will you gain from ECS?
For your convenience, Axis Bank has tied up with various service providers across the country.
All you need to do is to register for bill payments with your service provider, banks and financial institutions by providing details such as name, account number, name of the bank /branch, MICR code, etc.
Security & Safety of your money
To protect your account from excess debits, you can select the top-limit for your account. If your bill amount exceeds the limit, the payment will be cleared by the Bank, only after obtaining your approval.
Electronic Clearing Service was introduced by Reserve Bank of India to provide faster and repetitive payments by directly debiting customers accounts thereby minimising paper transactions and increasing customer satisfaction.
As per the existing system, customers are required to make Electricity, Telephone, Insurance Premium, etc payment by either issuing cheques or through cash at the collection centres/ designated banks. For making the payment, the customer is required to stand in long queue. Whereas, in ECS there is no cash transaction or payment through cheques.
A mandate is collected from the customers by the utility companies, banks/ financial institutions receiving periodic /repetitive payments towards electricity bills, telephone /mobile bills/ loan installments/insurance premium/ Mutual Fund (SIP), etc to directly debit their bank accounts. The mandate contains the details such as name of the customer, account number, name of the bank/branch, MICR code, etc
Under ECS, there is no limit on the value for individual transaction
No, it is available for all Axis Bank accountholders. All you need have to only give an ECS mandate to your service provider for debiting your account with Axis Bank.
No document is required to opt for an ECS facility with the Bank.
Yes, you can add, delete or change the biller registered earlier by just visiting your service provider and making the necessary modifications
Utility service providers like MTNL, Telephone/Mobile companies, Telecom Departments, State Electricity Boards, Banks (for collection of credit cards dues) LIC, Housing Finance Companies, Intermediaries and Clubs etc.
At your request , you are being redirected to a third party site. Please read and agree with the disclamer before proceeding further.
This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third paty namely http://i3.oximall.com/axisbank. Such links are provided only for the Client and Axis Bank does not control or endorse such websites, and is not responsible for their content. The use of such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them . any actions taken or obligations created voluntarily by the person(s) accessing such websites shall be directly between such persons and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such actions so taken. Thank you for visiting www.axisbank.com
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At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third party namely mybustickets.in. Such links are provided only for the convenience of the Client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axisbank.com
Online Banking is an extremely convenient way to access you bank account, but it pays to be aware of the ways in which you can protect yourself and your money
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