Standing Instruction is the mode of payment (credit card, debit card) decided by the customer to pay against an order for each payment term during the course of subscription. Towards such pay modes, the customer gives a mandate to the bank as well as the service provider authorizing them to make the deductions automatically.
It is an easiest and automated way to reduce the administrative burden for periodical payments.
For example: A customer can give his credit card details as standing instruction to transfer the monthly billed amount from his account to the service provider's account. To automatically deduct the amount every month from the credit card, the customer should proved the Credit Card details like, Credit Card Number, Card Type, Name on Card, Expiry Date, Credit Card Issuer etc.
The standing instruction of a customer is defined in Standing Instructions screen.