What is E Collect Facility ?

What is E Collect Facility ?

We currently hold E collect facility with below 2 Banks only and the details are as below:

 

For ICICI Bank - Beneficiary Name- IIFL Securities Ltd., IFSC Code - ICIC0000106. 

Beneficiary Account Number - IIFLEQ followed by your Client Code. E.g. If your client code is ABCD1234, then the Beneficiary Account Number should be -IIFLEQABCD1234 for ICICI bank customers.

The client needs to create the beneficiary mapping under NEFT/RTGS tab for transfer funds.

 

For Yes Bank - Beneficiary Name- IIFL Securities Ltd., IFSC Code - YESB0CMSNOC.

Beneficiary Account Number - IILEQ1 followed by your Client Code. E.g. If your client code is ABCD1234, then the Beneficiary Account Number should be IILEQ1ABCD1234 for YES bank customers.

The client needs to create the beneficiary mapping under NEFT/RTGS tab for transfer funds.


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