In which bank I will receive the Mutual fund redemption amount?

In which bank I will receive the Mutual fund redemption amount?

While placing a redemption order you have to fill the necessary units for redemption and then there is a drop down to select a bank account in which you will receive the redemption amount. In case fund reversed back to BSE then they shall transfer funds to any other bank account registered in UCC if same gets rejected then finaly BSE shall return back the redemption payout to the respective AMCs responsible for processing the redemptions. Client need to submit correct bank details with RTA/AMC.

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