Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Banks Profit from ECS return charges on failed payments
short by / on Thursday, 15 May, 2025
Banks charge ₹590 plus 18% GST as ECS return fees when payments fail due to insufficient funds. NACH only processes payments and doesn’t impose penalties. Banks benefit from these charges, often without clear notice. Regularly check your statements to avoid surprise fees and stay alert.
read more at Youtube