When starting a new SIP), as per regulations, there must be a minimum gap of 30 days between the 1st and 2nd SIP installments. Once the 2nd installment is deducted, all future SIP payments will continue monthly without further delays.
For example: if you set up a SIP on 10th March for the 1st of every month:
- 1st installment on 10th March.
- 2nd installment on 1st May (after 30-day gap).
- From 1st June, deductions will continue monthly.