This system frees you from various kinds of hassles, like giving a cheque and remembering payment dates. Besides this, when you take a loan, then its
RBI's latest rule to be implemented from October 1 will impact the debit part of ECS and is limited to debit card and credit card transactions.
The credit card comes with the charges related to late payments, which are typically rather expensive
An ECS mandate puts the cumbersome task of paying anything from your utility bills like mobile & electricity to OTT subscriptions to EMIs and SIP inve