ECS swapping means whoever is repaying the loan wants to swap/change his account with another repayee’s who is existing borrower/co-borrower of the loan account. The same procedure is applicable for swapping of bank accounts for PMII/ MI payment where your repayment mode remains unchanged. This service is charged.
Documents required for ECS swapping:-
We request you to follow the below steps to ECS account swapping/ change :-
Your mailing address will be updated within 15 working days after receipt of request. And our representative will contact you.
Please note that the swap will take up to 15 business days and will be effective form next ECS cycle month, from the date of receipt of fresh instruments until then, the existing ECS will remain in operation for EMI clearance. Kindly fill fresh ECS mandate.
For any other queries or to know the status of your request, write to us with the details mentioned below.