Automated Clearing House (ACH) | Definition, Pros, & Cons
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Automated Clearing House (ACH) | Definition, Pros, & Cons
5.5K viewsJan 19, 2021
financestrategists.com
Investors must authorize Electronic Clearance Service (ECS) and National Automated Clearing House (NACH) with the bank in order to have the chosen SIP amount automatically debited from their bank accounts. if you miss an SIP, the Asset Management Company (AMC) does not impose a penalty; instead, it prompts the bank to complete the payment. If, however, you do not have enough money in your account, your bank imposes a penalty for dishonored auto-debit payments/cheque. If you are extremely inconsi
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