Standing Instruction - FAQ
The Standing Instructions feature facilitates periodic scheduled payments for funds transfer, third party transfer, interbank transfer, IMPS fund transfer, PPF and NPS contribution.
You can register standing instructions on your savings and current accounts. You can register multiple standing instructions on different accounts and at different frequencies.
You will receive an SMS when a standing instruction is executed and your account is debited.
Fund transfer, Third Party transfer, Inter Bank Transfer to other bank accounts, IMPS fund transfer, PPF and NPS contribution.
You can register standing instructions for 1 month to 6 months and from 5 days to 30 days.
Yes, you can cancel standing instructions, if at least one instruction is pending for execution. However, you cannot cancel a standing instruction if it is scheduled for the current date.
Yes. You can view the history of instructions executed on your accounts in the History tab under standing instructions options of Request & Enquiries tab.
No. You can register standing instructions on your internet enabled accounts through the Internet banking portal. Execution happens automatically. You can also cancel standing instructions online.
Yes. When you register a standing instruction, the Internet banking site verifies your identity by sending a high security password to your registered mobile number. You need to key in the password to complete the registration.
Yes. When you register standing instructions, you are provided a tentative schedule with the dates on which the instructions are executed.
Ensure that the third party / Interbank beneficiary name and account number are valid. Ensure that your mobile number is registered with Bank. Also ensure that you have sufficient balance in your account to execute the instructions.
Standing Instructions are initiated without manual intervention. A standing instruction will be initiated on each scheduled date until the specified Number of Months/Days is over.
Login to OnlineSBI >> Request & Enquiries tab >> Standing Instructions option >> Select the Transaction Type from options available as third party (beneficiary of same Bank) payment, interbank (beneficiary of other Bank) transfer
Login to OnlineSBI >> Request & Enquiries tab >> Standing Instructions option >> Select the Transaction Type from options available as funds transfer, third party payment, interbank transfer, IMPS fund transfer and NPS contribution to register standing instructions.
No. It is mandatory to add and approve the Intra or Interbank third party account before recording standing instructions for the beneficiary.