Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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Write a note on - ECS. - Commerce

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One Line Answer

Write a note on - ECS.

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Solution

Electronic Clearing Service (ECS) was launched by the RBI in 1995. It is an electronic method of fund transfer from a bank to another bank.

Concept: Electronic Banking Functions
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 11th Commerce Answers Guide
Chapter 12 Functions of Commercial banks
Exercise | Q II. 5. | Page 116
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