e-Nagar

September 20, 2007

Standing Instructions

Filed under: Investing — Ankur Aggarwal @ 12:04 am

Often we instruct our telephone/mobile company to automatically deduct via ECS the outstanding bills. Its a major convenience, as it saves us from the hassle for remembering to pay the bill and standing the queue for it. But one must also remember, it could be a trap. Like the Hutch’s Pay by Card Enrollment Form has the following printed clause:

I also agree for an interim charge to my account on any unbilled amount, at the discretion of Hustchison Essar South Limited.

Isn’t it as good as writing a blank cheque… sorry signing a blank cheque book.. for the instruction is Recurring.

Theme: Silver is the New Black. Blog at WordPress.com.

Follow

Get every new post delivered to your Inbox.

Join 33 other followers