How can I modify, pause, resume, skip, or cancel an SWP on FYERS?
How Can I Modify, Pause, Resume, Skip, or Cancel an SWP on FYERS?
After creating a Systematic Withdrawal Plan (SWP), you can manage it anytime based on your withdrawal requirements. You can modify SWP details, pause withdrawals temporarily, skip an upcoming withdrawal, resume a paused SWP, or cancel the SWP altogether.
Steps to Modify an SWP
A SWP cannot be modified while it is in a paused state. Resume the SWP before making any changes.
Modify requests for an SWP may take up to 2–3 working days for exchange approval. Withdrawals due during this period may not reflect the updated details.
On FYERS App
Open the FYERS App.
Tap Orders from the bottom navigation bar.
Select Mutual Funds → SWP.
Open the SWP and tap Modify.
Update the withdrawal amount, frequency, or schedule date.
Review the changes and confirm.
On FYERS Web
Log in to FYERS Web.
Go to Orders → Mutual Funds → SWP.
Open the SWP and click Modify.
Update the withdrawal amount, frequency, or schedule date.
Review the changes and confirm.
Steps to Pause an SWP
Pause requests for an SWP may take up to 2–3 working days to be approved by the exchange. Any withdrawal scheduled during this period may still be executed.
On FYERS App
Open the SWP from Orders → Mutual Funds → SWP.
Tap Pause.
Choose one of the following options:
Pause for a fixed number of withdrawals
Pause indefinitely
Confirm to pause the SWP.
On FYERS Web
Open the SWP from Orders → Mutual Funds → SWP.
Click Pause.
Choose one of the following options:
Pause for a fixed number of withdrawals (auto-resumes)
Pause indefinitely (manual resume required)
Confirm to pause the SWP.
Steps to Resume a Paused SWP
On FYERS App
Open the paused SWP from Orders → Mutual Funds → SWP.
Tap Resume.
Confirm to resume withdrawals as scheduled.
On FYERS Web
Open the paused SWP from Orders → Mutual Funds → SWP.
Click Resume.
Confirm to resume withdrawals as scheduled.
Steps to Skip an SWP Withdrawal
On FYERS App
Open the SWP from Orders → Mutual Funds → SWP.
Tap Skip withdrawal for the upcoming withdrawal.
Confirm to skip the withdrawal.
On FYERS Web
Open the SWP from Orders → Mutual Funds → SWP.
Click Skip withdrawal for the upcoming withdrawal.
Confirm to skip the withdrawal.
Steps to Cancel an SWP
On FYERS App
Open the SWP from Orders → Mutual Funds → SWP.
Tap Cancel SWP.
Confirm to cancel the SWP.
On FYERS Web
Open the SWP from Orders → Mutual Funds → SWP.
Click Cancel SWP.
Confirm to cancel the SWP.
All SWP actions apply only to future withdrawals, and each withdrawal is processed as a redemption with applicable exit load, taxes, and depository charges.
What If...
Scenario
Outcome
I modify my SWP
The updated details apply only to future withdrawals.
I pause my SWP for a fixed number of withdrawals
The SWP resumes automatically after the specified count.
I pause my SWP indefinitely
The SWP remains paused until it is manually resumed.
I skip an SWP withdrawal
Only the next withdrawal is skipped and cannot be undone.