Standard Chartered introduces ECS (Electronic Clearing System), an innovative facility for busy people. With this facility, your Credit Card bill amount automatically gets debited from your savings bank account, so that you don't ever have to worry about the last minute payment rush.
Since this entire process happens through the Reserve Bank of India's electronic clearing mechanism, you can enjoy the advantages of ECS, no matter which bank you have your Savings Account with.
No worries about payment being lost or delayed in transit
No more late payment charges
You can pre-decide what you want to pay every month, with an option of increasing it if you have surplus funds
Unlike other cards, your Standard Chartered Card offers you the flexibility of choosing the amount that you wish to pay with ECS. Just call our Credit Card help-line number before the payment due date and tell them how much you want debited for the month.
To apply for this facility simply download the required forms, submit Form A to your bank (where you maintain your account) and send Form B and Form C to Standard Chartered Bank (drop it off at any of our conveniently located cheque drop-off boxes or mail it to the address on the form) in the enclosed Business Reply Envelope.
Please do enclose a photocopy of a blank cancelled cheque issued by your bank.