India has two main electronic funds settlement systems for one to one transactions: the Real Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) systems. Transactions which are bulk and repetitive in nature are routed through electronic clearing service (ECS) which is further of two categories viz ECS-Credit (one debit and multiple credits e.g. Salary, Dividends) and ECS- debit (one credit and multiple debits e.g. bill payments, SIPs etc.). Local ECS scheme is provided in 81 centres and the Regional ECS scheme at 9 centres across India while the National ECS scheme is operated at Mumbai.
Posts about Neft
  • How Jack Daniel's uses storytelling to personalise the brand

    … Jack Daniel’s is a universally recognised brand, but often for different reasons. Most of its marketing focuses deeply on heritage and tradition. A down-home, deep fried sense of warm hospitality that permeates its ads and copy like a gentle waft of charcoal. It’s also permeated by images of Lemmy pouring it on his cornflakes after a night…

    Matt Owen/ Econsultancyin Google How To's- 2 readers -
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