SEBI Mandates Faster SIP Cancellation Processing Time

Banking & Finance | Dated: 17 Dec 2024

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

🎯 Key Highlights:

  • - New rule applies to both online and offline SIPs
  • - Investors must select a reason from a predefined list when cancelling

💡 Other Important Facts:

  • (i) SEBI reduces SIP cancellation processing time to 2 working days

📚 Test Your Knowledge:

What is the new processing time for SIP cancellations as mandated by SEBI

Correct Answer: 2 working days

🚀 Quick Recap:

About SEBI :

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