New Delhi, June 19 -- In the nation's rapidly evolving and digitising financial landscape, automated payment systems such as Electronic Clearing Service (ECS) and National Automated Clearing House (NACH) have become extremely vital and indispensable for recurring payments for services along with other related transactions.

Still, in cases when these payments fail due to one reason or the other, customers are often hit with hefty return charges. Hence, in such a situation you should always keep these five essential points in mind to understand and know about ECS/NACH return charges better.

The ECS/NACH mandates permit banks and financial institutions to automatically debit funds from your account for regular payments such as EMIs on pers...