Question:
List two benefits from ECS debit system to Banks.
List two benefits from ECS debit system to Banks.
Updated On: Dec 16, 2024
Hide Solution
Verified By Collegedunia
Solution and Explanation
Automation of Payments: ECS debit automates recurring payments, reducing manual effort for banks.
Cost Efficiency: It lowers operational costs by reducing paperwork and errors.
Was this answer helpful?
0
0
Top Questions on Banking Systems
Questions Asked in CBSE X exam
- Enumerate the benefits of having an access control system installed in a premise.
- CBSE Class X - 2024
- Security Structure
- Enlist any four formatting options provided by Gmail for you to compose an email.
- CBSE Class X - 2024
- Email Messaging
- You are a security supervisor in a hospital. Your security manager has asked you to check the signage system in the hospital building and prepare a report. What all aspects would you check in this regard?
- CBSE Class X - 2024
- Security Structure
- Write about any two provisions of Rajiv Gandhi Shramik Kalyan Yojna, 2005.
- CBSE Class X - 2024
- Laws Governing Private Security
- Why are ground search and rescue services increasingly required in urban and sub-urban areas to locate which persons?
- CBSE Class X - 2024
- Disaster Management and Emergency Response
View More Questions