Standing instruction
An order to your bank to move a fixed amount on a fixed date, every month or as set.
A standing instruction is an order to your own bank to move a fixed amount on a fixed date, such as moving savings out on payday to a separate savings account. It’s a simple way to pay yourself first. An e-mandate does the same job for merchant payments.
Questions people ask
What is a standing instruction?
It's an order you give your own bank to move a fixed amount of money on a fixed date, for example from your salary account to a savings account or recurring deposit every month.
How is a standing instruction different from an e-mandate?
A standing instruction is an order to your own bank to send money out. An e-mandate is your approval for a merchant to pull a payment from your card, wallet or UPI. Both automate regular payments.
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