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    Question

    Which one of the following is/are the major differences

    between National Automated Clearing House (NACH) & Electronic Clearing Service (ECS)? I- NACH provides same day presentation & settlement whereas in ECS it takes more than 3 days. II- In NACH the number of rejects is less. III- Unlike ECS, NACH’s mandate verification is not done physically.
    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C I & II Correct Answer Incorrect Answer
    D II & III Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

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