SIP (Systematic Investment Plan) and NACH (National Automated Clearing House) are common methods used for making regular investments or payments, especially in mutual funds, loan repayments, insurance premiums, and more. When a payment through SIP or NACH fails or “bounces” due to insufficient funds or other reasons, bouncing charges may be levied. Here’s an explanation of SIP/NACH bouncing charges: SIP Bouncing Charges A Systematic Investment Plan (SIP) allows investors to invest a fixed amount regularly in a mutual fund scheme. The amount is automatically debited from the investor’s bank account…
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