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ECS Process

ECS Process. ECS Facility - Highlights. ECS mandate can be linked to the bank account mapped to your Sharekhan Trading account ECS amount chosen by you on the ECS mandate represents the maximum order limit on any transaction day.

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ECS Process

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  1. ECS Process

  2. ECS Facility - Highlights • ECS mandate can be linked to the bank account mapped to your Sharekhan Trading account • ECS amount chosen by you on the ECS mandate represents the maximum order limit on any transaction day. • ECS amount will be processed to the extent of orders placed by you subject to the ECS limit. • ECS amount will be allocated to Sharekhan ECS ledger account to carry out the transactions ordered by you. For internal training purpose only

  3. How does it Work Mr. X gives a ECS Mandate of Rs.10,000 for 10 years Illustration 1: He does not have any existing SIP thru Sharekhan and he has not placed order for new SIP. Utilized limit – NIL Balance Limit Available - Rs.10,000\- No order – No Withdrawal ======================================================================= Illustration 2: He links an existing SIP of Rs.2,000\- to the ECS and orders a new SIP of Rs.2000\- Utilized limit – Rs.4,000\- Balance Limit Available - Rs.6,000\- Rs.4,000\- will be transferred to carry out the orders For internal training purpose only

  4. Key Benefits • Hassle free SIP investments – amount will be automatically transferred from bank account for execution of transactions • Decide your ECS mandate amount and use this limit for multiple SIPs/ transactions. • Map your existing SIPs to ECS mandate or add new SIPs in future. • One time registration facilities multiple SIPs – after giving ECS mandate, SIP order can be placed at date later as well For internal training purpose only

  5. Features • ECS has been introduced for Mutual Fund Segment -SIP payments only • No need to remember SIP dates any more. • On the basis of ECS mandate, Sharekhan will debit client’s bank account towards SIP orders placed by the client. • To begin with, ECS mandate would be available and utilized for Mutual Funds SIP only. • In future, it may be extended to Stock SIP and other investment products. • ECS is offered in 91 cities only. (as of 08/11/2012) • CIS will accept all the requests, however the same may be rejected by ECS agent. For internal training purpose only

  6. List of ECS enabled Cities For internal training purpose only

  7. Process • Clients can apply for ECS facility through any one of the three processes mentioned below: • ECS status can be viewed on the website by client / web-admin. • Once ECS request is approved by the bank, client can • Order an SIP • link existing SIP to the ECS mandate. For internal training purpose only

  8. Index For internal training purpose only

  9. 1. Account Opening If the client has opted for ECS, then check box “Enable ECS” should be clicked Ensure to send duly signed ECS mandate & cheque leaf along with account opening form Rest of the process would be taken care at HO. Click here to go to Index For internal training purpose only

  10. 2. Online Registration (by Client) Client can apply online through website. Log in on website & select MF section Select Registration option under ECS menu For internal training purpose only

  11. 2. Online ECS Registration (ECS form) Client can apply online through website. Bank Account mapped to MF will be displayed Enter the Name of the client Enter the Second Holder Name (If any in the bank) Enter the Third Holder Name (If any in the bank) Enter the MICR No. For internal training purpose only

  12. 2. Online ECS Registration (ECS form cont…) Enter ECS mandate amount Select the Start Date & No of years Press PRINT Press SUBMIT For internal training purpose only

  13. 2. Online ECS Registration • Client need to submit printed registration form to servicing outlet. • The registration request must be signed by all the holders in the bank account (sign as per bank’s record) • Client need to submit cancelled cheque along with the form For internal training purpose only

  14. 2. Online ECS registration (Process at Branch) (accepting printed physical ECS request from client) • Requests need to be entered and saved in CIS. • Further process will remain same as all other CMC requests • Details explained in next slide(s). • Note – • All requests submitted by client through web site is already saved in CIS. For internal training purpose only

  15. 2. Online Registration (CIS Process) Requests entered through the website should be confirmed through the following menu Account Maintenance  ECS  ECS Request For internal training purpose only

  16. 2. Online Registration (CIS Process) cont… Enter either Customer ID or S2K Id and press search The above details are shown. Details are displayed as per the data entered by client Click on it to proceed further For internal training purpose only

  17. 2. Online Registration (CIS Process) cont. Details entered by the client on the website will shown to the user Please mention the request id on the ECS mandate. Courier process steps as followed for other CMC requests to be completed Modify if the details are incorrect, select both the mandatory documents and press “Submit” CIS will provide the Request ID for all successful entries Click here to go to Index For internal training purpose only

  18. 3. ECS forms (without web request) ECS Form can be directly accepted by servicing outlet even if the client has not requested through web site. New ECS forms can be entered from the Menu Account Maintenance  ECS  ECS Request For internal training purpose only

  19. 3. ECS forms cont… Enter either Customer ID or S2K Id and press search All the banks linked to the clients trading account are displayed,. ECS can be started only on those banks which are linked in Sharekhan. Select the bank through which ECS mandate is requested by client For internal training purpose only

  20. 3. ECS forms cont… Enter the correct MICR no Enter the Name of the client Enter the Second Holder Name (If any in the bank) Enter the Third Holder Name (If any in the bank) Enter the ECS amount Enter the term (No of years) Enter the ECS Start Date Please mention the request id on the ECS mandate. Courier process steps as followed for other CMC requests to be completed Select both mandatory documents and press “Submit” CIS will provide the Request ID for all successful entries Click here to go to Index For internal training purpose only

  21. Reports in CIS Reports can be seen from the above menu. Report  Account Maintenance Report  View Other CMC New request type “ECS” has been introduced Click here to go to Index For internal training purpose only

  22. Online Confirmation To check the status of your ECS Request go to Report If status is approved, then customer can map his SIP with ECS Click here to go to Index For internal training purpose only

  23. Online Order Placement To place new order or map existing SIP, go to Place Order For internal training purpose only

  24. Online Order Placement (cont…) Select fund, & click on SIP For internal training purpose only

  25. Online Order Placement (cont…) Funds will be debited to client’s bank account 3 days prior of the SIP date. Fill all SIP details & link ECS ID against that SIP and Click Start SIP Click here to go to Index For internal training purpose only

  26. Linking existing SIP To link existing SIP’s click on Link Ur Ecs/SIP’s For internal training purpose only

  27. Linking existing SIP (Cont…) The SIP’s not mapped with ECS will be shown Select the SIP & the ECS which is to be linked And click on LINK SIP-> ECS Above message is displayed for successfully linked SIP Click here to go to Index For internal training purpose only

  28. Delinking linked SIP To delink existing SIP’s click on Delink Ecs/SIP’s For internal training purpose only

  29. Delinking linked SIP (Cont…) Select the SIP which is to be delinked And click on LINK SIP-> CIS Above message is displayed for successful delink For internal training purpose only

  30. Thank You Please write to operations@sharekhan.com or assist@sharekhan.com for further queries

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