I am new to this platform, I have received a mail from [email protected] saying that my account has been credited and below its given as Remitter with the share I hold in my account.
Was wondering why I received it, is it dividend or something like that and what is NACH/ECS?
Can someone please answer it, thank you.
I think this could be your settlement from the broker. If you dont use the money for trading for 30 days, brokers are obliged to return the money to the bank account. Could be that.
Electronic Clearing Service or ECS is a method of transferring funds electronically and is generally used for bulk transfers. Looking at the message, it might be dividend credit for the shares you hold. You can track the Dividend info on Console: How to track the dividends of the stock holdings?