What is an ECS mandate?

ECS stands for Electronic Clearance Service. An ECS mandate is a confirmation that you don’t have any objection to a certain amount being withdrawn every month by Bajaj Finserv against your purchase.

While applying for a Bajaj Finserv EMI Network Card, along with your KYC documents, you are also asked to submit a cancelled cheque and a signed ECS mandate.

Additional Read: How to Apply for Bajaj Finserv EMI Network Card