Transcript Slide 1

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.
 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
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
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
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
List of ECS enabled Cities
Agra
Ahmedabad
Allahabad
Amritsar
Anand
Asansol
Aurangabad
Bangalore
Baroda
Belgaum
Bhavnagar
Bhilwara
Bhopal
Bhubaneshwar
Bijapur
Bikaner
Burdwan
Calicut
Chandigarh
Chennai
Cochin
Coimbatore
Cuttack
Davangeree
Dehradun
Delhi
Dhanbad
Durgapur
Erode
Gadag
Gangtok
Gorakhpur
Gulbarga
Guntur
Guwahati
Gwalior
Haldia
Hassan
Hubli
Hyderabad
Indore
Jabalpur
Jaipur
Jalandhar
Jammu
Jamnagar
Jamshedpur
Jodhpur
Kakinada
Kanpur
Kolhapur
Kolkata
Kota
Lucknow
Ludhiana
Madurai
Mandya
Mangalgiri
Mangalore
Mumbai
Mysore
Nagpur
Nasik
Nellore
Panjim
Patna
Pondicherry
Pune
Raichur
Raipur
Rajkot
Ranchi
Salem
For internal training purpose only
Shimla
Shimoga
Siliguri
Solapur
Surat
Tenali
Tirunelveli
Tirupati
Tirupur
Trichur
Trichy
Trivendrum
Tumkur
Udaipur
Udupi
Varanasi
Vijayawada
Vizag
Process
 Clients can apply for ECS facility through any one of the three processes
mentioned below:
ECS Registration
Request
through Account Opening
(for new Equity clients)
via website (only client
can apply)
by submitting physical
ECS request
 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
Index
Sr. No
Particulars
1.
Link
ECS Registration Request
a)
b)
c)
through Account Opening (for new Equity clients)
via website (only client can apply)
by submitting physical ECS request
2.
Click here
Click here
Click here
Reports
a)
b)
In CIS
On Website
3.
Click here
Click here
Order Placement
a)
b)
c)
New Order
Link Existing SIP
Delink SIP
For internal training purpose only
Click here
Click here
Click here
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
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
2. Online ECS Registration (ECS form)
Client can apply online through website.
Bank Account mapped to MF will be displayed
Enterthe
the Name
the client
Enter
SecondofHolder
Name
Enter
the
Third
Holder
Name
(If any in the bank)
(If
any the
in the
bank)
Enter
MICR
No.
For internal training purpose only
2. Online ECS Registration (ECS form cont…)
Enter ECS mandate amount
Select the Start Date
& No of years
Press
Press PRINT
SUBMIT
For internal training purpose only
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
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
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
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
2. Online Registration (CIS Process) cont.
Details entered by the client on the website will shown to the user
Pleaseare
mention
the request id on the ECS mandate.
Modify if the details
incorrect,
Courier process steps as followed for other CMC requests
select both theto
mandatory
documents and press “Submit”
be completed
CIS will provide the Request ID for all successful entries
For internal training purpose only
Click here to go to Index
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
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
3. ECS forms cont…
Enter the correct MICR no
Enter the Name of the client
Enter the Second Holder Name
Holder Name
(IfEnter
any inthe
theThird
bank)
Enter
ECSbank)
amount
(If
anythe
in the
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
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
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
Online Order Placement
To place new order or map existing SIP, go to Place Order
For internal training purpose only
Online Order Placement (cont…)
Select fund, & click on SIP
For internal training purpose only
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
Linking existing SIP
To link existing SIP’s click on Link Ur Ecs/SIP’s
For internal training purpose only
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
Delinking linked SIP
To delink existing SIP’s click on Delink Ecs/SIP’s
For internal training purpose only
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
Thank You
Please write to [email protected] or
[email protected] for further queries