When I tried to register for online Mutual Fund they asked for ECS details?

If opted for ECS,please give 9-digit ECS code what does it mean and its function?

9 digit MICR code is the 9 digit number printed next to the serial number in the MICR cheques issued by your bank branch.It is a unique number which helps in identification of your bank branch for ECS credits and debits.

ECS stands for Electronic Clearing System.

here is a resource:

9digit MICR code is the 9 digit number printed next to the serial number in the MICR cheques issued by your bank branch

9-digit ECS code is MICR (Magnetic Ink Character Recognition) Code, which is written just next to the cheque number on the cheque leaf and it helps to identify the bank as well as its location. MICR code is unique for every branch of every bank.

ECS and 9-digit ECS code are explained above by others and they are correct. Previously, the dividends were sent to the customers by cheque or D.D., but now the amount is transfered to our A/C directly with the help of ECS.

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