What is Standing Instruction (Auto-Debit)? — Meaning, Definition & Example
Definition
Standing instruction is a mandate given to your bank to automatically transfer a fixed amount at regular intervals to a specified account. Used for SIP investments, loan EMIs, insurance premiums, and recurring bill payments. Can be set through net banking, NACH, or e-mandate.
Set a standing instruction of ₹10,000 on the 5th of every month from your salary account to your mutual fund SIP — never miss an investment.
🇮🇳 Standing Instruction (Auto-Debit) in Hindi / हिंदी में
स्टैंडिंग इंस्ट्रक्शन (ऑटो-डेबिट) — स्टैंडिंग इंस्ट्रक्शन बैंक को नियमित अंतराल पर एक निश्चित राशि स्वचालित रूप से ट्रांसफर करने का आदेश है।
Standing Instruction (Auto-Debit) (Hinglish) — Standing instruction bank ko ek mandate hai ki har month fixed amount automatically specified account mein transfer kare. SIP, EMI, insurance premium ke liye use hota hai.