how can i do a repetitive payment to another bank (standing instruction)?



I want to refinance my home loan from icici to iob. IOB has rule which says i need to have a salary account in iob, or give a standing instruction to credit a fixed amount to iob from another bank (salaryaccount bank- axis bank in my casae ) . Axis bank doesn’t accept a standing instruction, nor they are ready to accept my written letter either.
Pls help? what to do?

how can i do a repetitive payment to another bank (standing instruction)?
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One Reply to “how can i do a repetitive payment to another bank (standing instruction)?”

  1. standing instructions will be accepted by all banks through their branch managers.
    otherwise on line transfers are allowed through net.
    contact the branch manager for details.





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