What is an ECS Mandate in Bajaj Finserv?

ECS Mandate is an electronic mode of payment initiated by Bajaj Finserv. It is an easy and hassle-free way to make payments for any loan or credit card dues. This payment method is secure and helps customers to make timely payments. The customer is required to authorize Bajaj Finserv to deduct the payment from their bank account on a predetermined date. The customer can fill the Bajaj Finserv ECS Mandate form with their bank account details and the payment amount. The form is then submitted to Bajaj Finserv for further processing. Bajaj Finserv will then contact the customer's bank to set up the ECS Mandate. Once the mandate is activated, the customer's bank account will be debited on the due date for the payment amount.