FAQs OF SALARY SIP FOR CORPORATE

1. Employee Satisfaction: Offering Salary SIP enhances employee satisfaction and retention by promoting financial well-being.

2. Attractive Benefit: It serves as an attractive employee benefit, making your company more appealing to potential hires.

3. Easy Integration: Seamless integration with existing payroll systems ensures minimal administrative

To onboard, we need the following documents:

1. Corporate Information:

   • Corporate name (as per their PAN Card)

   • PAN Card number

2. Corporate Contact Details:

   • Name, mobile number, and official email address of the corporate contact person (this individual will be the point of contact (for the MFD - In case onboarded or brought in by), and their details will be used to create the corporate account for onboarding)

3. Corporate Bank Account Details:

   • Account number

   • IFSC code

   • Bank location

4. Cancelled Cheque/ Scan Copy of the Account statement:

   • From the same bank account used for the platform or the corporate bank account from which the funds would be transferred for Allotment

5. Authorized Signatory Details:

   • Name, mobile number, and email address of one authorized signatory.

6. Board Resolution:

   • List of the corporate’s authorized signatories.

The employer needs to transfer the cumulative amount (all employees opt in) each month and mention the AMC collection account details where the funds need to be credited

1. Deductions From Salary: The predetermined investment amount mandated by the employees are deducted from employees' salaries each month.

2. Transfer to AMC: The deducted amount is transferred to Aditya Birla SunLife AMC through a secure banking channel either via (NEFT or RTGS).

3. Upload Transfer Proof: The transaction proof and the UTR details are uploaded on the Corporate Salary SIP Portal.

4. Investment Allocation: The funds are then allocated to the mutual funds as per the employee’s chosen Salary SIP plan.

Employee Onboarding:

1. Communication: Inform employees about the Salary SIP scheme through emails, workshops, and webinars (the discovery points)

2. Plan Selection: Employees select their preferred SIP plans and the amount they wish to invest.

3. Confirmation: Once all details are verified, employees share the mandate on the Salary SIP portal, thus receives a confirmation email.

Support Services:

1. Dedicated Support Team: A dedicated support team is available to assist with any queries or issues.

   • Corporate Relationship Manager:

   • Support Email: ABSLAMC.SalarySIP@adityabirlacapital.com

2. Educational Resources: Access to webinars, tutorials, and FAQs to help employees understand the portal and schemes.

3. Customer Care: Round-the-clock customer care service to resolve any concerns promptly.

Customization Options:

1. Plan Options: Corporates can choose from a variety of mutual funds of Aditya Birla Sun Life AMC to their employees.

Initial Rollout Support:

• Dedicated Team: A dedicated team to assist with the initial setup and integration.

• Training Sessions: Comprehensive training sessions for HR and payroll teams.

• Continuous Support: Ongoing support from our customer care team to address any issues that arise during the rollout phase.

Payroll Integration:

1. Compatibility: The Salary SIP platform is designed to be compatible with payroll systems.

2. Custom Integration: Our technical team can work with your IT department to ensure seamless integration with your specific payroll system.

3. API Integration: For advanced integration, we provide APIs that allow for real-time data exchange between the payroll system and the SIP platform.

Measuring Success:

1. Participation Rate: Track the number of employees participating in the Salary SIP.

2. Employee Feedback: Gather feedback from employees on their satisfaction with the program.

3. Financial Goals: Assess how well employees are meeting their financial goals through the SIP program.