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What is the procedure if my cheque bounces or I don have balance in my account at the time of clearing? Will my SIP still continue for the next month?

April 26, 2017Balance bounces Cheque clearing Continue my account next month procedure SIP time

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What is the procedure if my cheque bounces or I don have balance in my account at the time of clearing? Will my SIP still continue for the next month?

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If the cheque bounces, the units allotted would be reversed. The SIP will continue. However if there are three recurring instances of cheque bounce then the SIP registration would be discontinued.