Your missed SIP could be making banks tens of crores every month

About this episode

The episode discusses how missed SIP debits are generating significant revenue for banks in India, particularly affecting first-time investors.

When your SIP bounces, your bank charges you Rs 500. The mutual fund that missed the investment? Charges you nothing. That gap is not an accident. In this piece, The Ken's Mutasim Khan traces how India's banks have quietly turned missed SIP debits into a revenue line — one that costs them roughly Rs 25 to process, and nets them hundreds of crores a month. The people paying most are first-time investors in smaller cities, often unaware the charge even happened. This is a read aloud of Mutasim's original story, by Snigdha Sharma, on Daybreak. 📖 Read the full story on The Ken: Your missed SIP could be making banks tens of crores every month

People in this episode

Host: Snigdha Sharma

Topics covered

• SIP
• bank charges
• mutual funds
• revenue generation
• first-time investors
• financial awareness

Keywords

• SIP
• bank charges
• mutual funds
• revenue
• first-time investors
• financial literacy
• investment

Mentioned in this episode

Organizations: The Ken, India

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