Regarding Mutual Fund SIPs

[crazyuploader]

Hey there,

I'm exploring bank accounts that don't slap you with penalties for missed mandates. I tend to have a low balance sometimes, leading to mandate issues. I had to cancel my SIPs and manually invest each month to avoid penalties. Any suggestions for an account that's more forgiving? Also, is there a difference between UPI mandates and the regular ones which we set up with a debit card?

 

[asahi]

Hey there,

I'm exploring bank accounts that don't slap you with penalties for missed mandates. I tend to have a low balance sometimes, leading to mandate issues. I had to cancel my SIPs and manually invest each month to avoid penalties. Any suggestions for an account that's more forgiving? Also, is there a difference between UPI mandates and the regular ones which we set up with a debit card?

Yes i guess jupiter account won’t charge for sip failure due to insufficient balance


I guess there’s no much difference between upi & other mandate systems, i think they made it for convenience. Upi mandate came into light when rbi put restrictions on AutoPay over CC’s & DC’s. then tokenisation system, in all these chaos Upi mandate seems easy & secure than entering card details on a website

 

[KLB@96]

Get jupiter am doing SIP MF since more than a year.

 

[crazyuploader]

Yes i guess jupiter account won’t charge for sip failure due to insufficient balance


I guess there’s no much difference between upi & other mandate systems, i think they made it for convenience. Upi mandate came into light when rbi put restrictions on AutoPay over CC’s & DC’s. then tokenisation system, in all these chaos Upi mandate seems easy & secure than entering card details on a website

Get jupiter am doing SIP MF since more than a year.

In that case, I have Fi, so it should be okay, was wondering if there's an alternative to these bank accounts