AMOUNT DEBITED FROM MY ACCOUNT...CAUSE BOUNCING CHARGES NOT PAID
8 months ago
SIR /MADAM
I HAVE DUE BOUNCED CHARGES ONLY IN BAJAJ CORPORATION FINANACE....THEY CREDETED FROM MY ACCOUNT Rs.9600 AT ONCE...IS IT CORRECT
A.Dear Client,
Electronic Clearing Service or ECS was introduced by RBI to allow banks and financial institutions to debit loan EMIs automatically from the customers’ accounts. Accordingly, Cheque bounce charges including updated dues for non-payment of EMI and accrued interest may be debited from the savings bank account of the borrower linked with the loan account.
Electronic Clearing Service or ECS was introduced by RBI to allow banks and financial institutions to debit loan EMIs automatically from the customers’ accounts. Accordingly, Cheque bounce charges including updated dues for non-payment of EMI and accrued interest may be debited from the savings bank account of the borrower linked with the loan account.
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