ePayIN

Transaction Convenience - ePayIn

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• Introduction

  DSP BlackRock Mutual Fund (DSPBRMF) has now launched the "ePayIn Facility", to help investors transfer funds via RTGS/NEFT to DSPBRMF with an easy to remember bank account number.

  Subscription payments via cheques may take anywhere upto three days to credit the mutual fund's account since clearing houses in many cities have discontinued "High Value Clearing" and have emphasized the usage of RTGS and NEFT as an alternate and efficient mode of funds transfer. Further, investors desirous to transfer the funds to DSPBRMF need to remember the bank details of the fund. This can become cumbersome for the investor.

  What is ePayIn Facility?

  • "e-Pay Facility" is a new initiative to help investors make payments towards their purchase electronically to DSPBRMF, into a bank account maintained with Citibank NA, Fort Branch, Mumbai
  • Investors need not remember the bank account number to transfer the funds.

• Transfer Funds

  What will be the bank account number to transfer the funds?

  The bank account number to transfer the funds will be a combination of: "DSPBR", folio number or application number and scheme name. The account number to transfer the funds is as follows:

  • For existing investors: DSPBRfolionoSCHEMENAME i.e. DSPBR & folio number & Scheme Name (in short) Example, an existing investor with folio number 123456, desiring to invest in DSPBR Liquidity Fund will transfer funds to the bank account as DSPBR123456LIQUIDITYFUND.
  • For new investors: DSPBRapplicationnoSCHEMENAME i.e. DSPBR & application number & Scheme Name (in short) Example, a new investor with application number AH67895, desiring to invest in DSPBR Floating Rate Fund will transfer funds to the bank account as DSPBR AH67895FLOATINGRATE .

  Other Bank Details for RTGS / NEFT funds transfer

  • Bank Name : Citibank NA
  • Branch : Fort Branch, Mumbai
  • IFSC Code (11 digit) : CITI0100000
  • Account Type : Current Account (CA)

• Process

  • Investors should approach their bank for transferring funds and fill up appropriate RTGS/NEFT funds transfer form, take an acknowledgement and obtain Unique Transaction Reference number (UTR) from the bank.
    • Investor's bank will provide them with UTR no as per RBI guildelines.
  • Investors should submit their bank acknowledged funds transfer form and the fund application form or the transaction slip to the fund's official point of collection before the cut off time.
  • The RTGS/NEFT Unique transfer reference number (UTR) should be mentioned in the application form in space designated for cheque number.
  • DSP BlackRock Mutual Fund reserves the right to reject an y application where the investor's bank acknowledged funds transfer form is not attached or the UTR number is not mentioned.
  • Investors or their bankers should not mention any special characters like "/ $ # @ *" etc in the bank account number. Folio number in the collection account should not include "/ and following digits". If the folio number is 123456/78, only 123456 should be mentioned.

• Benefits

  • The investors can pay via RTGS / NEFT from any bank (if their bank provides such facility) directly to a single account of Citibank with Citibank
  • The investor need not remember the entire account number of the scheme while investing in any of the scheme.
  • The funds transfer will happen to the account number wherein investor folio number of application number is mentioned thereby enhancing security of transaction for the investors.

  For further clarifications, please contact Your financial advisor or Offices of DSP BlackRock Mutual Fund
  Email id: service@dspblackrock.com
  Toll Free number: 1800 200 4499