What is SIP date?

What is SIP date?

The date of the SIP is the date on which each month the client's investments will be processed. When a client does a SIP with 5paisa amount is debited from their bank account 1 business day prior to the SIP Date.

For Non First order today SIPs, the first installment / Start date of the SIP depends on the status of approval of Auto Pay. If AutoPay is approved at the time of placing orders, the first installment will be on the first SIP date after a 5-day gap.

If SIP is placed with AutoPay  that is not approved by the bank yet, then the first installment date will be the first date of SIP after a minimum 15-day gap.

Note: You cannot change the date of the existing SIP but you can cancel the existing SIP and place another order with the date you want.

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