IL&FS — ECS

Address:

Mumbai City, Maharashtra

I opened a demat account in IL&FS through my broker RKSV. They had a 20 pages account opening form. They took my sign on an ECS clearing form and the reason that was given to me was "To get my approval for deduction of demat charges at the time of delivery of shares". Today my bank( Bank of Baroda) has received a confirmation letter from Bill desk in the name of IL&FS for the clearance of ECS of Rs. 1 lakh per month starting from 1st August 2015 till 1st August 2046. Since the amount involved was huge so bank gave me a call for approval. I had never agreed for this 1 lakh transfer and the purpose of signing the form was only for demat charges. Right now I've asked them to cancel the request but please guide me what action should I take for this and against whom IL&FS, RKSV or Ideaindia.com limited(bill desk)