ecs process. ecs mandate can be linked to the bank account mapped to your sharekhan trading account...

ECS Process

ECS mandate can be linked to the bank account mapped to your Sharekhan Trading account

ECS amount chosen by you on the ECS mandate represents the maximum order limit on any transaction day.

ECS amount will be processed to the extent of orders placed by you subject to the ECS limit.

ECS amount will be allocated to Sharekhan ECS ledger account to carry out the transactions ordered by you.

ECS Facility - Highlights

For internal training purpose only

Mr. X gives a ECS Mandate of Rs.10,000 for 10 years

Illustration 1:He does not have any existing SIP thru Sharekhan and he has not placed order for new SIP.

Utilized limit – NILBalance Limit Available - Rs.10,000\-

No order – No Withdrawal=======================================================================Illustration 2:

He links an existing SIP of Rs.2,000\- to the ECS and orders a new SIP of Rs.2000\-

Utilized limit – Rs.4,000\-Balance Limit Available - Rs.6,000\-

Rs.4,000\- will be transferred to carry out the orders

How does it Work


Hassle free SIP investments – amount will be automatically transferred from bank account for execution of transactions

Decide your ECS mandate amount and use this limit for multiple SIPs/ transactions.

Map your existing SIPs to ECS mandate or add new SIPs in future.

One time registration facilities multiple SIPs – after giving ECS mandate, SIP order can be placed at date later as well

Key Benefits


ECS has been introduced for Mutual Fund Segment -SIP payments only

No need to remember SIP dates any more.

On the basis of ECS mandate, Sharekhan will debit client’s bank account towards SIP orders placed by the client.

To begin with, ECS mandate would be available and utilized for Mutual Funds SIP only.

In future, it may be extended to Stock SIP and other investment products.

ECS is offered in 91 cities only. (as of 08/11/2012)

CIS will accept all the requests, however the same may be rejected by ECS agent.

Features


List of ECS enabled CitiesAgra Chennai Hassan Madurai ShimlaAhmedabad Cochin Hubli Mandya ShimogaAllahabad Coimbatore Hyderabad Mangalgiri SiliguriAmritsar Cuttack Indore Mangalore SolapurAnand Davangeree Jabalpur Mumbai SuratAsansol Dehradun Jaipur Mysore TenaliAurangabad Delhi Jalandhar Nagpur TirunelveliBangalore Dhanbad Jammu Nasik TirupatiBaroda Durgapur Jamnagar Nellore Tirupur Belgaum Erode Jamshedpur Panjim TrichurBhavnagar Gadag Jodhpur Patna Trichy Bhilwara Gangtok Kakinada Pondicherry TrivendrumBhopal Gorakhpur Kanpur Pune TumkurBhubaneshwar Gulbarga Kolhapur Raichur UdaipurBijapur Guntur Kolkata Raipur UdupiBikaner Guwahati Kota Rajkot VaranasiBurdwan Gwalior Lucknow Ranchi VijayawadaCalicut Haldia Ludhiana Salem VizagChandigarh


Clients can apply for ECS facility through any one of the three processes mentioned below:

ECS status can be viewed on the website by client / web-admin.

Once ECS request is approved by the bank, client can • Order an SIP • link existing SIP to the ECS mandate.

Process


IndexSr. No Particulars Link

1. ECS Registration Request

a)b)c)

through Account Opening (for new Equity clients)via website (only client can apply)by submitting physical ECS request

Click hereClick hereClick here

2. Reports

a)b)

In CISOn Website

Click hereClick here

3. Order Placement

a)b)c)

New OrderLink Existing SIPDelink SIP

Click hereClick hereClick here


1. Account Opening

If the client has opted for ECS, then check box “Enable ECS” should be clicked

Rest of the process would be taken care at HO.

Ensure to send duly signed ECS mandate & cheque leaf along with account opening form

Click here to go to Index


Select Registration option under ECS menu

Log in on website & select MF section

2. Online Registration (by Client)Client can apply online through website.


Bank Account mapped to MF will be displayed

Enter the Name of the clientEnter the Second Holder Name(If any in the bank)Enter the Third Holder Name(If any in the bank)Enter the MICR No.

2. Online ECS Registration (ECS form)Client can apply online through website.


Enter ECS mandate amount

Select the Start Date& No of years

Press PRINTPress SUBMIT

2. Online ECS Registration (ECS form cont…)


Client need to submit printed registration form to servicing outlet.

The registration request must be signed by all the holders in the bank account (sign as per bank’s record)

Client need to submit cancelled cheque along with the form

2. Online ECS Registration


Requests need to be entered and saved in CIS.

Further process will remain same as all other CMC requests

Details explained in next slide(s).

Note – All requests submitted by client through web site is already saved in CIS.

2. Online ECS registration (Process at Branch)

(accepting printed physical ECS request from client)


Requests entered through the website should be confirmed through the following menuAccount Maintenance ECS ECS Request

2. Online Registration (CIS Process)


Enter either Customer ID or S2K Id and press search

Click on it to proceed further

The above details are shown.

2. Online Registration (CIS Process) cont…

Details are displayed as per the data entered by client


Details entered by the client on the website will shown to the user

Modify if the details are incorrect,

CIS will provide the Request ID for all successful entries

2. Online Registration (CIS Process) cont.

select both the mandatory documents and press “Submit”

Please mention the request id on the ECS mandate.Courier process steps as followed for other CMC requests to be completed



New ECS forms can be entered from the MenuAccount Maintenance ECS ECS Request

3. ECS forms (without web request)

ECS Form can be directly accepted by servicing outlet even if the client has not requested through web site.


Enter either Customer ID or S2K Id and press search

All the banks linked to the clients trading account are displayed,.ECS can be started only on those banks which are linked in Sharekhan.

Select the bank through which ECS mandate is requested by client

3. ECS forms cont…


Enter the correct MICR noEnter the Name of the client

Enter the ECS amountEnter the term (No of years)

Enter the ECS Start Date

Select both mandatory documents and press “Submit”

Enter the Second Holder Name(If any in the bank)Enter the Third Holder Name

(If any in the bank)

CIS will provide the Request ID for all successful entries

3. ECS forms cont…

Please mention the request id on the ECS mandate.Courier process steps as followed for other CMC requests to be completed



Reports can be seen from the above menu. Report Account Maintenance Report View Other CMC

Reports in CIS

New request type “ECS” has been introduced



To check the status of your ECS Request go to Report

If status is approved, then customer can map his SIP with ECS

Online Confirmation



Online Order Placement

To place new order or map existing SIP, go to Place Order


Online Order Placement (cont…)

Select fund, & click on SIP


Online Order Placement (cont…)

Fill all SIP details & link ECS ID against that SIP and Click Start SIP

Funds will be debited to client’s bank account 3 days prior of the SIP date.



Linking existing SIP

To link existing SIP’s click on Link Ur Ecs/SIP’s


Linking existing SIP (Cont…)The SIP’s not mapped with ECS will be shown

Select the SIP & the ECS which is to be linked

And click on LINK SIP-> ECS

Above message is displayed for successfully linked SIP



Delinking linked SIP

To delink existing SIP’s click on Delink Ecs/SIP’s


Delinking linked SIP (Cont…)

Select the SIP which is to be delinked

And click on LINK SIP-> CIS

Above message is displayed for successful delink


Thank You

Please write to [email protected] or [email protected] for further queries

ecs process. ecs mandate can be linked to the bank account mapped to your sharekhan trading account...

Documents

ecs limit

ecs mandate of rs

ecs request

list of ecs

ecs status

ecs agent

basis of ecs mandate

ecs process slide