When will my first auto payment be made towards Gold SIP?

Your first auto payment is made when you set up the AutoPay for Gold SIP on PhonePe. Your second and future auto payments will be made on the day you set as the investment date. However, this depends on when you set up the AutoPay and the date you selected for the auto payment.

To explain, if you set up the AutoPay on the last day of any month, and you select the investment date as,

• 1st day of the next month - your second auto payment will be made only after 1 month from your investment date
• 2nd day or any other following day of the next month - your second auto payment will be made on the same date as the investment date
  
   

  AutoPay set up date	SIP date chosen	Second SIP payment	Third SIP payment
  1st April 2022	3rd of every month	3rd May 2022	3rd June 2022
  5th April 2022	2nd of every month	2nd May 2022	2nd June 2022
  15th April 2022	25th of every month	25th May 2022	25th June 2022
  30th April 2022	2nd of every month	2nd May 2022	2nd June 2022
  30th April 2022	1st of every month	1st June 2022	1st July 2022

Learn more about setting up an AutoPay for a monthly Gold SIP.