What is the deduction method and priority?
Deductions will be made in the following order of priority:
- Securities Account Balance (Priority)
The system will first deduct funds from the available balance in your securities account.
- EDDA-linked Bank Account (Backup)
If the available balance in your securities account is insufficient, the system will automatically deduct the required amount from your linked EDDA bank account.
Important: If the deduction fails for the current month, no purchase will be made for that month. The system will automatically attempt the deduction again on the contribution date of the following month.
Note: Regardless of the deduction method, the funds will first be credited to your securities account before being used for your Monthly Investment Plan purchase. You can view the configured deduction method in your Monthly Investment Plan settings.
