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Get the free Pay via Standing Instructions on Credit Card - HDFC Bank

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Standing Instruction Mandate Electronic Clearing Scheme/ Direct Debit/ Credit Card URN NAVIGICC0318V0 UI Code Mandate Reference No. Customer ID Tick the applicable payment option to pay your renewal
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How to fill out pay via standing instructions

01
Contact your bank or financial institution to inquire if they offer the option to set up standing instructions for pay.
02
If yes, provide them with the necessary details such as your account number, employer's details, and the amount you want to allocate.
03
The bank will guide you through the process of setting up standing instructions, which may involve filling out a form or providing instructions through online banking.
04
Make sure to specify the frequency (weekly, monthly, etc.) and duration (end date or ongoing) of the standing instructions.
05
Double-check all the details provided and submit the request to activate pay via standing instructions.
06
Monitor your account to ensure that the payments are being deducted according to the standing instructions set up.

Who needs pay via standing instructions?

01
Pay via standing instructions is beneficial for individuals who want to have a hassle-free and automated way of allocating a fixed amount of their income towards payments.
02
It can be useful for people who have regular bills to pay, such as rent, utilities, loan repayments, or subscriptions.
03
Employers can also use standing instructions to directly deposit employee salaries into their bank accounts, saving both time and effort.
04
Overall, anyone who wants to streamline their payment process and ensure timely payments can benefit from pay via standing instructions.
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Pay via standing instructions is a method of making payments where the payer authorizes their bank to automatically transfer funds to a specific recipient on a regular basis.
Individuals or businesses who wish to make regular payments to a specific recipient may choose to set up pay via standing instructions.
To set up pay via standing instructions, the payer must provide their bank with the recipient's details, the payment amount, frequency, and start date for the payments.
The purpose of pay via standing instructions is to simplify regular payments for the payer by automating the process and ensuring timely payments to the recipient.
Pay via standing instructions usually require the recipient's name, account number, payment amount, frequency, and start date to be reported to the bank.
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