When will my first auto payment be made towards the SIP?
Your first auto payment will be made based on the date and the payment mode you’ve selected for your SIP investment,
- If you’ve selected UPI as the payment mode, your first auto payment is made on the date you set up the AutoPay. However, your second auto payment will be made only after 30 days from the AutoPay set-up date.
Note: This won’t affect your upcoming auto payments. They will be made on the SIP date you’ve chosen. - If you’ve selected a debit card or netbanking as the payment mode, your first auto payment will be made based on the date you’ve chosen. If your SIP date falls within 6 days of the AutoPay set-up or modification date, your first auto payment will be made next month. If your scheduled SIP date is after 7 days from the AutoPay set-up date, then the SIP payment will be made the same month.
Please check the table for more information on this:
| Payment Mode | Set-up Date | SIP Date | First payment | Second payment | Third & following payments |
| UPI | 5th of March | 7th of every month | 5th of March | 7th of April | 7th of May onwards |
| UPI | 15th of March | 7th of every month | 15th of March | 7th of May | 7th of June onwards |
| Netbanking /Debit Card (SIP date within 6 days of AutoPay set-up date) |
5th of March | 7th of every month | 7th of April | 7th of May | 7th of June onwards |
| Netbanking /Debit Card (SIP date after 7 days from AutoPay set-up date) |
15th of March | 7th of every month | 7th of April | 7th of May | 7th of June onwards |
The money for your SIP will be deducted from your account on the scheduled investment date even if it falls on a weekend or a bank holiday.
Learn more about setting up an SIP.
