Generally large retail shops find it difficult to track their customers purchasing heavy merchandises. These big purchases are often provided with specific offers that facilitate payment by part. That is paying the entire amount little by little after a fixed interval of time. However, retailers loose track of their customers and find it difficult to get them pay the due amount. This results in loss and turn over blockages for the retailers. To avoid such losses the DIAFM comes into the retailers rescue with its feature that enables periodic notification and tracking system in it. A method for automatic bill payment reminder is disclosed. The method includes providing for an automatic bill payment reminder process for a user of a portable consumer device, where the automatic bill payment process automatically pays periodic bills of the user at predetermined times. The method also includes providing for an automatic reminder process, where the automatic reminder process automatically sends reminders to the user of the portable consumer device prior to the automatic payment of the bills at the predetermined time intervals.