An ECS bounce charge is a fee charged by your bank when there are insufficient funds in your account to process the EMI payment on the due date. If the bank tries to debit the EMI and the transaction fails due to a low balance, the bank imposes this charge for the unsuccessful attempt.
Please note: We do not levy any bounce charges. This fee is solely charged by your bank, and it is important to ensure your account has sufficient funds on the due date to avoid such charges.