Standing Instructions-ECS \ MMS

A standing instruction (SI) is a remittance facility by which Bank can set mandate to debit / effect fund transfer from yours' A/c to designated beneficiary A/c on real time basis.

Standing instructions can be used for:

  • Repayment of loan by deduction EMI - Instalments at specific intervals.
  • Payment of Utility Bills.
  • Transfer to Recurring deposit accounts.
  • Payment of Safe deposit rentals.
  • Payment of Employee salaries.
  • Payment of Dividends to shareholders.
  • Inter account transfers of FD interest at stipulated intervals.