What are the payment modes for online SIP?

There are two modes through which SIP can be registered. Basis clients convenience the suitable modes can be selected.

Ledger SIP – One day prior to the SIP purchase due date, clients are supposed to maintain sufficient balance in their ledger (trading code) so as to successfully execute the SIP installment request. In case of insufficient amount, two more attempts will be made by MOSL.

In case of three unsuccessful attempts in consecutive three months, SIP might get cancelled from MOSL end.

ECS SIP – Here client gives the ECS mandate to his bank where the SIP start date, SIP amount and number of installments are mentioned. On successful registrations buying will be executed by MOSL and funds will be collected from the banks and credited into clients ledger maintained with MOSL (trading code)