Yes, and it is a required step for Stock SIP to run smoothly. Without an active auto-debit mandate, you would need to manually ensure funds are available before each SIP date.
How to link your bank account:
- Complete the SIP setup in the Samco app
- Tap Setup Auto Debit for SIP
- Verify your bank details and the debit amount
- Confirm the mandate via UPI or Net Banking
- Once approved, the mandate is active
One mandate covers all SIP deductions from the same account. The linked bank must be the same one registered with your Samco account.
Easy & quick
Leave A Comment?