How to cancel a PPFAS SIP

Sun, 17 May 2026 00:00:00 +0000

Cancelling an SIP permanently terminates the SIP record. Unlike a pause , there is no automatic resumption; if you want SIP investing in the scheme again later, you register a fresh SIP from scratch. Cancellation is the right operation when the investor’s situation has changed materially (the goal is complete, switching to another AMC, retirement transition, or moving the allocation elsewhere). Two things cancellation does not do, both commonly assumed: it does not redeem the units already allotted (they remain in the folio until you place a separate redemption ), and it does not cancel the underlying NACH mandate on your bank account. The mandate remains live and could authorise other debits later if not separately revoked.

Cancellation on WebNotes

How to cancel a PPFAS SIP