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Application No. ACKNOWLEDGEMENT SLIP (To be filled in by the investor) SIP through Auto Debit Form Folio No./ Application No. Dated / / Received from: Mr./ Ms. /M/s Scheme 1 Amount () Collection centers
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How to fill out multi sip auto debit

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How to fill out multi sip auto debit

01
Gather all the required documents such as the investment form, KYC documents, and bank details.
02
Fill out the investment form with accurate information, including the desired amount for each SIP installment and the frequency of debits.
03
Attach the necessary KYC documents, such as PAN card copy, address proof, and identity proof, as per the guidelines of the investment firm.
04
Provide your bank details, including account number, branch address, and IFSC code, for auto-debit purposes.
05
Double-check the filled-in information for any errors or omissions before submitting the form.
06
Submit the completed form along with the supporting documents to the designated office or online portal of the investment firm.
07
Await confirmation from the investment firm regarding the successful setup of the multi SIP auto debit.
08
Monitor your bank account regularly to ensure that the SIP installments are being debited as per the agreed frequency.
09
In case of any issues or discrepancies, contact the customer support of the investment firm for assistance and resolution.

Who needs multi sip auto debit?

01
Multi SIP auto debit is beneficial for individuals who regularly invest in mutual funds or other investment instruments through systematic investment plans (SIPs).
02
It simplifies the investment process by allowing automatic debits from the investor's bank account for the recurring SIP installments.
03
People who prefer a hassle-free and disciplined approach towards investing can opt for multi SIP auto debit.
04
It is particularly useful for individuals who have multiple SIPs and want to streamline their investment management by automating the payment process.
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Multi SIP Auto Debit is a facility provided by financial institutions for investors to automate their SIP (Systematic Investment Plan) payments by linking it to their bank account for automatic deductions.
Investors who want to automate their SIP payments and have a bank account can opt for multi sip auto debit.
To fill out multi sip auto debit, investors need to provide their bank account details and authorize the financial institution to deduct the SIP payments automatically.
The purpose of multi sip auto debit is to make the SIP payment process convenient and automated for investors.
The information reported on multi sip auto debit includes bank account details, SIP amount, frequency of payments, and authorization for automatic deductions.
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