When you miss an SIP date, you can make the payment in 2 ways:
- By setting up AutoSIP with your bank account and allowing the monthly payments to be automatically debited from your bank account. Once the mandate is signed and verified, your monthly payments will be directly debited from your bank account. For the first instalment of the SIP, you can pay directly via the payment options available on the Upstox platform.
- By manually paying for your monthly SIP:
If you missed a SIP payment and wish to pay for it follow these steps:
Step 1: Login on Upstox and navigate to the ‘Mutual Funds’ section
Step 2: Click on 'Portfolio'. Look for notifications indicating SIP payment actions needed
Step 3: Tap on 'View SIP' and check the SIPs with pending payments
Step 4: Choose the 'Pay now' option beside them. You'll be redirected to the order review page.
Step 5: Confirm the details of your SIP and then tap 'Proceed to payment'
Step 6: Choose your payment method, either UPI or net banking, to finalise the transaction
Step 7: Once the payment is successful, you'll receive a confirmation that your order has been placed.