How to Cancel Autopay in SBI PPF Account Online (Step-by-Step)

 

Setting up a standing instruction (S.I.) or autopay for your State Bank of India (SBI) Public Provident Fund (PPF) account is a fantastic way to ensure disciplined savings. It automatically moves money from your savings account to your PPF account every month without you lifting a finger.

However, there are times when your financial priorities shift, or you face a temporary cash crunch. In such situations, you might want to pause or stop these automatic deductions.

If you are wondering how to delete a standing instruction in an SBI PPF account online, you are in the right place. In this guide, we will walk you through the exact process using the YONO SBI mobile app.

Important Notice Before You Begin

Before we jump into the steps, there is one crucial rule you need to keep in mind:

⚠️ Note: You can only cancel or delete an autopay online if you originally created it online (via SBI Internet Banking or the YONO SBI app). If you visited an SBI branch to set up your standing instruction, you will need to visit the branch again to submit a cancellation request.

How to Cancel Autopay in SBI PPF Account Using YONO SBI App

Follow these simple steps to stop your automatic monthly PPF deductions immediately:

1.     Log In to YONO SBI:

Open the YONO SBI mobile application on your smartphone and log in securely using your MPIN or internet banking credentials.

2.     Navigate to Deposits: 

      Once you are on the main account dashboard, look under the Banking section and tap on the Deposits option. From there, click on Invest More.

3.     Manage Your Deposits:

      On the next screen, look for the link that says "Manage Your Deposits" and click on it.

4.     Select Your PPF Account:

 A list of your active deposit accounts will appear on the screen. Locate your Public Provident Fund (PPF) account and tap on your account number.

5.     Access the Investment Option:

 You will now see your current PPF account balance details. Look for the button labeled "Invest Monthly" and click on it.

6.     Locate and Delete the S.I.: 

You will be redirected to a page displaying your active scheduled standing instructions. Next to your active instruction, you will see a Pencil icon (to edit) and a Bin icon (to delete). Click on the Bin icon.

7.     Confirm the Deletion:

 A confirmation pop-up will appear asking: "Do you want to delete this standing instruction?" Click on the Yes tab to confirm your choice.

 

8.     Success Message:

      A final message will display on your screen: "The standing instruction has been deleted successfully."

What Happens Next?

Once you complete this process, the automatic monthly debit from your savings account will stop instantly. Money will no longer be deducted on your pre-set date.

Whenever you are ready to restart your automatic savings, you can easily set up a brand new standing instruction through the exact same portal.

Frequently Asked Questions (FAQs)

Q1: Can I modify the monthly autopay amount instead of deleting it completely?

Yes! In Step 6, instead of clicking the bin icon, tap the Pencil icon. This allows you to change the deduction amount or the monthly execution date without cancelling the service.

Q2: Are there any charges for deleting a standing instruction online?

No, SBI does not charge any penalty or fee for cancelling or modifying a standing instruction online via YONO or Net Banking.

Q3: Can I still deposit money manually after stopping autopay?

Absolutely. Stopping autopay only stops the automatic transfers. You can still manually transfer funds into your SBI PPF account via Net Banking, YONO, UPI, or by visiting a branch whenever you like.