By writing a simple request letter you can stop ECS (Electronic Clearance System) payments to any beneficiaries to whom you have given the ECS mandates from your bank.
Reasons to Stop ECS payments
- If you have completely paid the required amount to the beneficiaries.
- If you want to change the mode of payment method, for example from ECS to direct cash payment (or) cheque payment etc.
- If you closed the contract with the beneficiaries to whom you have given the ECS mandate etc.
Here is some sample ECS stop payment request letters that you can submit to any of your banks like State bank of India, Axis bank, HDFC bank, ICICI bank, etc…
ECS Stop Payment Request Letter Format 1
To
The Bank Manager,
_____________(Bank name),
_________ Branch. (Bank’s branch),
Bank Address.
Sub: ECS stop payment request.
Dear Sir/Madam,
My name is ______________(your name). I have a current/savings account in your bank with a/c number ___________.(a/c no.)
I am writing this letter to request you to stop the ECS payment to the following beneficiary named ___________(beneficiary name) from my bank account as soon as possible.
I would appreciate your quick response in this matter.
Thanking you.
Yours Sincerely,
Your name.
(Mobile no.)
ECS Stop Payment Request Letter Format 2
To
The Bank Manager,
_____________(Bank name),
_________ Branch. (Bank’s branch),
Bank Address.
Sub: Request to Stop ECS payment.
Dear Sir/Madam,
I am _____________(your name), account holder of your bank with savings / current bank account no. ___________(your a/c number).
I have given a mandate to ____________(beneficiary name) to make a regular payment every month, but now I would like to pay the payment through cheque mode.
So I would like to request you to kindly stop the ECS mandate given to _______(beneficiary name).
I shall be thankful to you in this regard.
Thanking you.
Sincerely,
Your name.
(Mobile no.)
ECS Stop Payment Request Letter Format 3
To
The Bank Manager,
Bank Name,
Bank’s Branch,
Bank Address.
Sub: ECS Stop Payment Request to ___________(beneficiary name)
Dear Sir/Madam,
My name is _________(your name), maintaining a savings / current account account in your bank with a/c no. _______________.
I would like to stop the ECS payment mandate given to ______________ (beneficiary name), I do not want to make any further payments to the above-said beneficiary so please stop the ESC payment mandate request with immediate effect.
I hope you consider my request.
Thanking you.
Regards,
Your name.
(Mobile no.)
FAQs
How can I stop the ECS Mandate?
You can stop the ECS mandate either in online mode on your bank’s net banking website (or) in offline mode by writing a request letter to the bank.
How to cancel ECS mandate online?
If the institution to which you have given the mandate request is listed in your bank’s internet banking billers list, then you can cancel the ECS mandate online, if it is not on the list then you have to write a request letter to your bank to close the ECS payment.
How much time will it take to stop the ECS mandate request?
It will take 1-2 days to cancel the ECS mandate request, but it is better to give prior notice to your bank as early as possible, whenever you want to cancel any ECS mandate requests.
What is ECS bounce charges?
If you do not maintain your bank account by the date of ESIC payment, then ECS bounce charges will be deducted from your bank. It will be around 295 (for SBI) to 590 Rs (for HDFC Bank) depending on your bank.
Can ECS bounce charges be returned?
No, in 99% of cases ECS bounce charges will not be returned unless the ECS payment fails due to a technical problem from the bank side.
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