The NACH mandate form takes about 15 working days after we receive it to get approved. Unfortunately, this is bank specific TAT and there is nothing we can do to expedite this process. You can help reduce the total time to start your SIP by sending us the NACH mandate as soon as you place […]Read More How long does it take for my SIP to activate after I send you the NACH mandate?
The NACH mandate is generated and required to be signed and sent to us anytime you start a new SIP or increase your SIP amount. It allows the mutual fund companies to debit the amount entered by you automatically from your bank account. The NACH form is present in the ‘Documents’ section of your dashboard. […]Read More What is the NACH Mandate needed for?
This event would occur if you do not have adequate balance in your bank account on the SIP debit date or the SIP Setup has not been approved yet. While missing a SIP instalment is not recommended and has its obvious disadvantages, it does not pose a serious issue transactionally. The payments will continue normally […]Read More What if I miss a SIP instalment?
When you create or increase a SIP on the Moneyjar platform, you are starting SIP’s in multiple mutual funds that are part of your jar. As each fund might have different debit dates or times, you might see multiple debits in your bank account. However, the total amounts of debits will always match the SIP […]Read More Why are there multiple SIP debits from my bank account?
If you have already set up a SIP in a jar you are invested in, you can: – Increase the monthly SIP amount – Stop the SIP anytime you like When you stop a SIP, the amount already present in your jar remains. No further instalments would be debited from your account. However, if you […]Read More What actions can I take on an existing SIP?
Yes, one of the best parts of investing with Moneyjar is the ability to setup the SIP online. Once you invest in a jar through an SIP, go to the Documents section where you will find information on how to setup the SIP by adding a biller in your net-banking console. Can’t figure it out? […]Read More Can I setup my SIP online?