SEBI extends the number of centres where ECS refund is made

As of now,facility of refunds through ECS made available only in 15 centers where clearing houses are managed by the Reserve Bank of India (RBI).This was in addition to other permissible modes of making refunds electronically viz NEFT, RTGS and Direct credit.

SEBI in consultation with RBI, it has now been decided to extend the facility of refund through ECS in public/rights issues to 68 centers as provided by RBI .

Read more at..
http://www.sebi.gov.in/Index.jsp?contentDisp=WhatsNewScroll&FilePath=/circulars/2008/cfdcir0108.html

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