gischethans
TF Buzz
I had set up eMandate-based SIP through MF Central early last month. Soon after creation, I realized that it was a daily SIP and not monthly. With multiple dropdowns on the page, daily is the default.
With MF Central being the least supportive, I had to cancel the SIPs from the UTI site. All was well until last week and I had also created a monthly SIP for the same fund. Since that did not get executed, I raised the issue to MF Central. Now they went the extra mile and restored the daily SIP as well.
Sensing possibility of multiple debits, I deleted the mandate and terminated the SIPs everywhere. To my surprise, the daily SIPs started executing today. Very soon my account will be emptied if it goes on and I have to face penalties unnecessarily.
I contacted UTI support and while they were supportive, I had to write an email - even though they weren't sure why the debits were happening and how long it would take to stop that.
Did anyone face similar issues?
With MF Central being the least supportive, I had to cancel the SIPs from the UTI site. All was well until last week and I had also created a monthly SIP for the same fund. Since that did not get executed, I raised the issue to MF Central. Now they went the extra mile and restored the daily SIP as well.
Sensing possibility of multiple debits, I deleted the mandate and terminated the SIPs everywhere. To my surprise, the daily SIPs started executing today. Very soon my account will be emptied if it goes on and I have to face penalties unnecessarily.
I contacted UTI support and while they were supportive, I had to write an email - even though they weren't sure why the debits were happening and how long it would take to stop that.
Did anyone face similar issues?
