Change in Bank Account: If the investor wishes to receive redemption proceeds in a new bank account which is not registered with the fund, the investor should follow-up the following steps:
- Use the designated "Bank Accounts Registration Form" or “Change of Bank Mandate Form”
- Mention the new bank mandate in Part A of the form and enclose necessary documents for account validation.
- Additionally, mention the new bank mandate in Part B (Default Bank Mandate) of the form. If the new bank is not mentioned in Part B, the bank is only registered but not used for future payment proceeds.
Change in Default Bank Account: The investors can anytime change the default bank account anytime by mentioning a registered bank account in Part B of the designated form.
In case multiple bank accounts are mentioned as default bank account or no bank account is mentioned, the mutual fund retains the right to register any one of them as the default bank account at it's discretion.
Deletion of Registered Bank Accounts: The investor shall use the Part C of the Bank Accounts Registration Form to delete a registered bank account. Investor will not be allowed to delete a default bank account unless he/she registers another registered account as a default account.
Important Notes: The requests for addition/change/deletion/modification in the registered bank account(s) should be submitted using the designated application form only.
Requests received on a plain paper are liable to be rejected.