For automatic deduction of SIPs, an approved mandate is necessary. First Order SIP is the default option when you do not have an approved Mandate.
If you do not have an existing mandate on our platform then you will see an option to create a mandate at the time of setting up an SIP and then the mandate can be approved with your bank before the next SIP order date.
Can I set up a mutual fund SIP without an AutoPay mandate? Print
Modified on: Tue, 19 Apr, 2022 at 5:09 PM
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