Auto Debit

byPaytm Editorial TeamLast Updated: September 10, 2025

Meaning

Auto Debit is a banking facility where money is automatically deducted from your account on a set date to pay bills or EMIs.

Benefits

  • Saves time by avoiding manual payments.
  • Prevents missed due dates.

Example

If you set auto debit for your mobile bill, the amount will be deducted automatically each month.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

BSE (Bombay Stock Exchange)Last Updated: December 12, 2025

Meaning & Definition BSE, or Bombay Stock Exchange, is one of India’s oldest and largest stock exchanges. It…

QR Code ScanningLast Updated: September 16, 2025

Definition QR code scanning is the process of using a smartphone or device camera to read the QR…

Instant SettlementLast Updated: September 15, 2025

Definition Instant settlement means transferring money to the merchant’s bank account immediately after a customer makes the payment.…

EquityLast Updated: December 12, 2025

Meaning & Definition Equity represents ownership in a company. Investors who buy equity shares become part-owners and may…

Claim RatioLast Updated: December 12, 2025

Meaning Claim Ratio shows how many claims an insurance company has received compared to the total number of…