Standing
Instructions
A standing instruction is a remittance service by which customers can instruct the Bank to effect fund transfers at preset timings and amounts from their accounts to a designated beneficiary account.
Standing Instructions can be used for:
1. Repayment of loan at specific interval
2. Payment of Bills.
3. Transfer to recurring deposit accounts.
4. Payment of Safe Deposit rentals.
5. Payment of Salary
6. Inter A/c transfer of FD interest at stipulated intervals
7 Inter A/c transfers of SB, CA and CC a/cs.
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