5. We will ensure that the NRE accounts of beneficiaries, if any, will be included
in the Input
Data only after ensuring that the Reserve Bank of India, Exchange Control Department
permission is obtained therefor, if necessary.
6. Complaints from beneficiaries, if any, relating
to non-credit/delayed credit/non-reporting of uncredited items will be pursued
by us with the respective banks/branches in co-ordination with the Sponsor Bank
Authorised Signatory of the user
Date
Part B- To be used by the Sponsor Bank
1. The user has been explained the role
and responsibilities of various parties under ECS. They have, inter-alia, been
advised that the responsibilities of ensuring the accuracy of input data, input
preparation and preliminary validation of data as well as issuance of payment
advices to the beneficiaries rest with the User. They have also been explained
that NCC would be processing data and working out the clearing settlement based
on this data and in no way be responsible for ensuring the accuracy of input
data or breach of responsibility expected of the Destination Banks. Complaints,
if any, received from the customers/investors/beneficiaries would have to be
handled by the User.
2. we will ensure that the NRE accounts of beneficiaries, if any, will be included
in the Input Data only after ensuring that the Reserve Bank of India, Exchange
Control Department permission is obtained therefor, if necessary.
3. All complaints relating to non-credit/delayed credit/non-reporting of uncredited
items to RBI or Sponsor Bank would be attended to expeditiously and all possible
help will also be given to the User in this regard.
4. The User has been advised that the User shall preserve the output tape/floppy
to be provided by the ECS Authority for a minimum period of 3 years and the
data shall not be tampered with during the period of preservation.
5.We recommend that the above named organisation may be allowed to participate
in the ECS credit clearing scheme as a User.
6. The registration number allotted by us to the user is :
(This would be of 7 digit number , the first
3 digits being the MICR code number of the Sponsor Bank (e.g. SBI-002), the
next 2 digits being the number allotted by the bank for the user and last 2
digits being the number allotted for the transaction being put through.)
Dated
Authorised Signatory of the Sponsor
Bank
Part C- For use at NCC / CH
Remarks:
Authorised Signatory of the NCC /
CH