SBI's Standing Instruction (SI) service allows you to automate repetitive fund transfers from your account. Simply set up instructions specifying the recipient's details, transfer amount, and desired frequency (daily, weekly, or monthly). Once activated, SBI will automatically initiate the transfer at the designated intervals. This provides a convenient solution for various needs, including regular bill payments, automated investment contributions, salary transfers, or recurring payments to family members. Remember to verify recipient information and amounts before setting up an SI.
