Setup automatic money transfer to family member bank account every month
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Is there any way to transfer money to my family member every month on a particular day like autopay setup??
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https://www.desidime.com/discussions/setup-automatic-money-transfer-to-family-member-bank-account-every-month?page=1#post_10321755
Yes, you can set up standing instructions in your account and it will transfer on the said date
https://www.desidime.com/discussions/setup-automatic-money-transfer-to-family-member-bank-account-every-month?page=1#post_10321907
almost all banks provide this facility. I have been using ICICI services for this for more than 10 years now.
https://www.desidime.com/discussions/setup-automatic-money-transfer-to-family-member-bank-account-every-month?page=1#post_10321960
1) Indian bank is weird, they will only allow auto standing instruction to another indian bank only not to other banks
2) Axis and HDFC has this as standing instruction (with extra charges per month check charges before using)
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SBI has it, don't know about others