Investors FAQ

You can choose which bank account you want the dividend to be credited into. You are required to provide mandate for ECS to your DP.

ECS (Electronic Clearance Service) is a facility offered by Reserve Bank of India. It allows investors to receive dividends / interest payments by direct credit to their bank account. Investor gets credit in their bank account directly rather than getting a cheque through the post to deposit in their bank account. The investor gets a credit advice confirming the credit. The transaction appears in the passbook / account statement.

• ECS is fast and safe.
• The facility is available free of cost to the investor
• Since credits are made electronically on the due date, there are no postal delays
• Since the transfer is made from account to account, loss of warrants in transit and ensuing hassles for issue of duplicate cheques is avoided
• Since the transfer is made from account to account, fraudulent encashment of cheques is avoided