Can I save billers or accounts for faster payment?

Yes, most financial institutions and payment apps allow you to save your frequently used billers, accounts or beneficiaries to make future transactions quicker. Here are some ways to save accounts for faster payments:

Add Payees

Most banking and payment apps have an 'Add Payee' feature where you can save account details of recipients. This could include:

• Utility billers for electricity, gas and water bills
• Mobile or DTH recharge accounts
• EMI repayment accounts
• SIPs or Mutual Funds

Once added, you just need to select the payee while making a payment the next time. The account details will auto-populate, saving effort.

Set up Standing Instructions

Banks allow you to schedule recurring payments or standing instructions. This is particularly useful for fixed monthly bills such as loan EMIs, insurance premiums and so on. The amounts get auto-debited on the due date without manual intervention.

Save Beneficiary Accounts

UPI apps and net banking portals allow you to save frequently transacted accounts as beneficiaries. You can then quickly send money by selecting the beneficiary instead of entering account details repeatedly.

Register Billers within Wallets

Several payment wallet apps have biller networks integrated. You can register your electricity board, gas agency, etc., within the wallet. This enables seamless payments later through the wallet interface without having to enter details.

Saving your frequently used accounts and billers helps pre-fill details during transactions later. This makes payments faster, simpler and avoids errors due to manual data entry every time. Most financial institutions offer one or more of the above options to enable this.