Link Bank Accounts
Automated SIP investments can be done from registered AutoPay of any of your verified bank accounts.
If you have just one-mandate it will become the default mode of making SIP investments. To add another bank account, you need to register a fresh mandate and it can be set as default once approved.
Once you place a redemption request, the Bank Account to which the amount is credited is displayed to you and also shared in the email you receive.
Depending on the type of Mutual Fund, timeline for redemption or withdrawal of amount to Bank Account is as follows:
a. Equity Funds: 2-3 working days
b. Balanced Funds: 2-3 working days
c. Debt Funds: 1-2 working days
d. Insta - Redemption Funds: Instant credit upto Rs.50,000 or 90% of your Investment whichever is lower and remaining credited in next 2 working days.
Add required details for new Bank Account, upload the proof of account and post verification it will be listed here for you to make Investments from this Bank Account.
While we add the account instantly post verification, it takes 7-10 business days to register this account with respective AMCs.
However only one account can be set as default option to which Redemptions can be made. While we add the account instantly post verification, it takes 7-10 business days to register this account with respective AMCs.