SEBI Mandates Faster SIP Cancellation Processing Time

Banking & Finance

The Securities and Exchange Board of India (SEBI) has revised the rules for cancelling Systematic Investment Plans (SIPs), reducing the processing time to 2 working days from the previous 10 working days, effective from December 1, 2024


      - New rule applies to both online and offline SIPs

      - Investors must select a reason from a predefined list when cancelling

     

Main Point :-   (i) SEBI reduces SIP cancellation processing time to 2 working days

     


About SEBI :

Established: 1988 , Headquarters: Mumbai, Maharashtra
Chairperson: Madhabi Puri Buch
          ____________________________