Get Sbi Standing Instruction Form Download

Filling out the Sbi Standing Instruction Form is a straightforward process that ensures your insurance premiums are debited automatically from your bank account. This guide will walk you through each section of the form, providing detailed instructions for a smooth completion.

Follow the steps to complete the form effectively.

1. Press the ‘Get Form’ button to access the form and open it in your editor.
2. Provide your bank account details by selecting the account type: Savings, Current, NRO, or NRE. Ensure the account type is correctly indicated as this is crucial for the debit process.
3. Fill in the name of the first account holder as it appears in the bank records. If applicable, also fill in the name of the second or joint account holder.
4. Enter the bank's name and the branch along with the city of the bank where the account is held.
5. Input your account number accurately, as a mistake here may lead to issues with the auto-debit mandate.
6. Detail the policy information by entering the policy number, the policy owner's name, and the premium amount for collection. Ensure all details are correct to avoid payment inconsistencies.
7. Read and agree to the terms and conditions by checking the acknowledgment statement provided in the form.
8. Sign the form as the policy owner, ensuring the signature matches the one on your policy application. If there is a joint account holder, they should sign as well.
9. Attach a blank cancelled cheque or a photocopy of a blank cheque to the form for verification of bank details.
10. Enter your name, place, and the date of filling out the form in the designated fields.
11. After ensuring all information is correct, save changes, download, print, or share the filled-out form as necessary.

Complete your Sbi Standing Instruction Form Download online today to streamline your premium payment process.