A eSwarna Digital Gold SIP (Systematic Investment Plan) is a systematic savings tool that allows customers to cultivate the habit of accumulating eSwarna Digital Gold by choosing a fixed instalment amount on a daily/weekly/monthly basis for a selected duration. The customer here has a choice to exchange the accumulated eSwarna Digital Gold for gold coin/jewellery/cash.

Yes, you can create multiple SIPs.

Yes, an existing eSwarna Digital Gold SIP can be cancelled and then a new plan can be created.

Changes are not allowed to be made to an existing SIP. But the existing plan can be cancelled, and a new plan can be started.

Minimum amount of eSwarna Digital Gold SIP is Rs. 10 and maximum amount is Rs. 5000 in a single transaction.
There is no upper limit on cumulative SIP if the KYC is completed by the customer. .

We support UPI as the payment method for transaction of eSwarna Digital Gold on Muthoot FinCorp ONE platform.

For an SIP (weekly or monthly) our system triggers a payment on the SIP date. In case the transaction fails, including due to insufficient balance in the account, SIP dues for that date is skipped.
In the next SIP date, that is, next week/month, our system will again attempt a payment for only the next date’s due. Overall, after three failed attempts in consecutive SIP dates, that SIP mandate will be paused.

Muthoot FinCorp ONE does not charge users for failed transactions

The status of all the SIPs is shown under the “Manage SIP” section on the Muthoot FinCorp ONE app. Details of the individual SIPs can also be managed here and viewed from the individual SIP page.