POSTED BY April 7, 2012 3:02 pm COMMENTS (17)ON
Any idea as to what happens if there are not engough funds in the banks account for SIP transactions. Questions are
1. Is it considered just like a cheque bounce or what ? If yes, does bank charge any amount from the account holder ?
2. Does SIP from the next month continue as it is or it is stopped from the date when there are no sufficient funds in the account ?
3. Is it considered as a defaulter case and reported to CIBIL?
Pointwise reply is solicited.