IDFC First Bank is an entity that was formed after the merger of the IDFC First Bank and the Capital First Limited. This bank has a robust internet banking system which is quite smooth and good to use. I am one of the bank account holders of this bank and I am quite satisfied with my experience with them. If someone asks me suggestions about choosing a bank. Then I recommend them this bank, how are your experience with this bank? You can share those by commenting down below. Today I will tell you how you can view standing instructions in IDFC First Bank.
I would like to make one thing clear and that is you can view the standing instructions in the internet banking, only if you have already set up any of them. If you have not set up any of the standing instructions then you won’t be able to see anything. The steps which you need to follow to view the standing instructions in IDFC First Bank are very easy. And you will be able to do the same effortlessly after reading this article of mine. But to follow this article you should already have an activated internet banking account.
What are Standing Instructions?
Standing instructions are the directions you are giving to your bank regarding the payment of any bill on the same date of every month. It can be the installment of your home loan, you might have set up the instructions to your bank to pay some amount to the lender on 20th of every month.
These kinds of bill payment instructions given to the bank from the account holder are nothing but the standing instructions.
Let me explain to you this thing with an example.
Consider Mr. Akansh has taken a home loan of Rs. 22,00,000 from the IDFC First Bank itself. And he has to pay the EMI on the 15th of every month.
So now Mr. Akansh will set up auto-debit of the EMI on the 15th of every month till his home loan is completely repaid. The bank will follow these instructions i.e. standing instructions and will deduct the EMI amount automatically from the bank account of Mr. Akansh provided there should be sufficient balance in the bank account.
The same can be done for Mobile Recharge, DTH Recharge, Electricity Bill, Water bill, etc.
This was all about the exact meaning of the standing instructions, now let me tell you in brief about the IDFC First Bank, where you hold your bank account. Because it is important these days to know about the bank where we are keeping our hard-earned money.
About IDFC First Bank
|Type of the Bank||Private Bank|
|Traded As||BSE: 539437
|Industry||Banking and Financial Services|
|Predecessor||IDFC Bank and Capital First Limited|
|Head Quarters||Mumbai, Maharashtra|
|Chairman (January 2020)||Rajiv Lall|
|MD and CEO (January 2020)||Mr. V. Vaidyanathan|
|Products||Consumer banking, Corporate banking, Wholesale banking, Mortgage loans, Private banking, Wealth management, Investment banking|
|Revenue (2017)||₹85.3272 billion|
|Operating Income (2017)||₹30.30 billion|
|Net Income (2017)||₹10.20 billion|
|Total Assets||₹1.12160 trillion|
|Number of Employees (July 2018)||7,043|
|Customer Care Phone Number (toll-free)||1800 419 4332|
|Customer Care E-Mail ID||[email protected]|
How to View Standing Instructions in IDFC First Bank?
We now have enough information about the standing instructions and also about the IDFC First Bank, now let us check out the steps which you need to follow to view standing instructions in IDFC First Bank. This is an online method which means you will need to have access to your internet banking account.
So these are the steps to view standing instructions in IDFC First Bank. You can do this within 2 minutes, but make sure you have a stable internet connection along with the antivirus software installed on your computer. Having antivirus software is highly recommended when you are accessing your internet banking account. If you want to get assisted quickly right now then you can call the customer care of the bank on their toll-free number: 1800 419 4332 and talk to their customer care executive for more details.