SIP deductions from your bank account can be automated through the PayEezz/ePayEezz facility. The facility works on e-NACH (Electronic National Automated Clearing House) mandate. More than 40 banks provide this facility.
You can schedule automatic payments of your SIPs and premiums through your bank account without having to manually track them every time. It enables automated recurring payments.
For instance, if you are starting a SIP through an e-Mandate, you can schedule all your SIPs through a simple online process at the start of the investment period, instead of manually keeping track and making individual investments at the stipulated dates. No more pesky reminders or late fees!