A Systematic investment plan it is also called as SIP. Systematic investment plan is a smart and hassle free mode for investing money in mutual funds. A Systematic Investment plan is a flexible and easy investement plan. Every time you invest money, additional units of the scheme are purchased at the market rate and added to your account. You can invest your money with a smart move and with a good manner with hassle free mode. Your money is auto-debited from your bank account and invested into a specific mutual fund scheme.
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The indicative rate of interest charged by various banks are given in table as below, however final rate may differ depending on the profile of individual and parameters of bank