Why was my redemption order rejected?

Why was my redemption order rejected?

There are different reasons for rejection of the redemption order. Reasons are as follows: 

1. If units are under Lock-in Period then you can place redemption order post completion of Lock-in period. 

2. If the units are under Pledge, then first you will have to unpledge the units and then place redemption order. 

3. In case of Non POA rejection, POA/DDPI is mandatory for demat redemption for NSDL holders. CDSL account holders can place orders using the TPIN option.


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