What if the SIP is not debited from savings account for a particular month, will the same be continued for next month ?

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• What if the SIP amount is not maintained in a savings account on the SIP date. What will be the bounce charges ?

  IIFL do not charge for bounce SIP transaction. You need to check with your respective bank for the same

• When will the running account amount be settled?

  If you have opted for Monthly settlement, running account shall be settled on first Friday of each month. If you have opted for Quarterly settlement, it will be settled on the first Friday of every Quarter. If the first Friday is a trading holiday, ...

• At what price will Client's Mutual Fund SIP orders be placed and where client can see details for the same?

  Units will be allotted at closing NAV of the scheme on the SIP date or the applicable business date if the SIP date is a non-business day. You can view the details of all successfully placed SIP orders in your account in the normal Mutual Fund SIP ...

• How to confirm if the SIP mandate from savings account has been processed

  Upon completion of the mandate change process, you will get the confirmation on the submit page

• What are the next steps if client bid placement is successful?

  A bid is considered successful once client approve the mandate received on your UPI app. Once bid placement is successful, client money will be blocked and will remain in your savings account till allotment is done.