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SIP Auto Debit Facility Form Principal PNB Asset Management Company Private Limited Investment Manager for Principal Mutual FundREGISTRATION Come MANDATE FORM FOR ECS (Debit clearing / Auto Debit)
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SIP auto debit facility allows investors to automatically invest a fixed amount in SIPs through electronic clearing services.
Any individual who wants to invest in SIPs through automatic debit from their bank account is required to set up the SIP auto debit facility.
To fill out the SIP auto debit facility, investors need to submit a SIP auto-debit mandate form along with a cancelled cheque of the bank account from which the amount will be debited.
The purpose of SIP auto debit facility is to make investing in mutual funds through SIPs easier and hassle-free by automating the investment process.
The SIP auto debit facility requires information such as the investor's bank account details, investment amount, frequency of investment, and SIP start date.
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