Can I register an SIP (in mutual fund units) if I do not have an ICICI Bank account linked to my Investment account?
Yes. You can register SIP transactions (for mutual funds) even if you do not have an ICICI Bank account linked to your trading/investment account. However, for the successful execution of the periodical SIP transaction you will have to ensure that required free limits are available in your investment/trading account before the SIP trigger date. Please note that your SIP transaction will be cancelled if adequate limits are not available in your trading/investment account on the trigger date.
Related Questions
- Will nomination(s) made in my linked demat/ bank account(s) be automatically updated for the mutual fund units purchased online?
- Can I use an Accelerator Cash Account as the linked bank account for the direct debiting of margin loan interest?
- Can I register a SIP request for making investment in my NPS account? How will the SIP request work?
