How to set standing instruction in SBI Net Banking?

 


Hi friends, in this blog we are going to discuss about how to set standing instruction in SBI net banking? If anyone searching for how to set standing instruction in SBI then this blog will be helpful for him or her. Because in this blog we have discussed step by step procedure of set auto debit facility in SBI.

 

What is standing an instruction in banking:

Standing instruction basically is an auto debit facility which can be set to transfer a fixed amount from one account and deposit it in another account automatically on a fixed time interval. You can set standing instruction for your RD, PPF, SSY, flexi deposit, savings, current accounts etc.

 

When you set a standing instruction for any account then you need not transfer money every month manually. It will be automatically debited and credited in that account. But if you wish to set standing instruction in SBI net banking, then you need to add the credited account as beneficiary to your SBI net banking beneficiary list.

 

How to set standing instruction in SBI net banking:

To set standing instruction in SBI online you have to register in SBI internet banking first. If you registered in SBI internet banking then add the account in which you wish to send money as beneficiary to your internet banking beneficiary list. After adding the beneficiary follow the following steps to set standing instruction.

 

STEP 1: Go to your SBI internet banking login page and login with your user Id, password and captcha code.

 

STEP 2: After login to your account go to the option ‘Payments/Transfer’. After click on ‘Payments/Transfer’ option some new options will be appeared. If your credited account is your own account and it is within SBI then click on the option ‘Fund transfer own SBI AC’. If the credited account is of a other person and the account is within SBI then click on ‘Accounts of others-within SBI’. Again if the account is in other bank then click on the option ‘Other bank transfer’.

 


STEP 3: In this page you have to select the account number from which you wish to transfer money. Select the account then enter the amount to be transfer in each instalment. You also need to select a purpose from the drop down menu. A list of your beneficiary account number will be displayed. Select the account number in which you have to transfer money.

 

Here you also see three options of transfer ‘pay now’, ‘schedule later’ and ‘standing instruction’. Select the option ‘Standing instruction’. After select the option a new form will be appear.

 

In this form you are asked to enter ‘frequency’ as month, days etc. Select the frequency as you need. Then you have to select schedule payment in every month, days etc. e.g. If you have selected the frequency as month then the schedule payment should be select as per 1,2,3,4,5,6 moths which you required. Then you need to enter the instalment of payment. It means you need to select how much time your transfer would be done. Select it as your requirement. Lastly you have to select the starting date of standing instruction. Select the date correctly.

 

After entering all the details in above form click on ‘submit’ button.

 


STEP 4: A pop up massage will display saying that you should ensure sufficient balance is available at the time of schedule to avoid penalty. Click on the ‘OK’ button.

 

STEP 5: Now the details of your standing instructions will be displayed on the screen. Check the details again and if all is good then click on ‘confirm’ and if anything need for correction then click on ‘Cancel’ and re-start the process again.

 

STEP 6: After click on ‘confirm’ here may appear a pop up massage again. Click on ‘OK’ button again.

 

An OTP will be sent to your registered mobile number with bank account. Enter the OTP here and click on ‘confirm’.

 

STEP 7: Now the standing instruction will be successfully placed ant the details of your standing instructions will be displayed here.

 

This is the process how to set standing instruction in SBI net banking. If you wish to watch this process in live video then you can watch the following video. In this video we discussed the step by step of the above process.

 

 


 

 

Post a Comment

3 Comments


  1. This is really a good source of information, I will often follow it to know more information and expand my knowledge, I think everyone should know it, thanks Best online forex trading scam recovery service provider

    ReplyDelete
  2. Your blog provided us with valuable information to work with. Each & every tips of your post are awesome. Thanks a lot for sharing. Keep blogging.. https://brandsocial.me/celebs/scott-eastwood/

    ReplyDelete