Get mutual funds redemption amount directly to bank account

Sir, I had redeemed my uti mutual funds online but instead of crediting the redemption amount directly to the bank , they sent me the cheque. Now , my question is - How to get these type of redemption amount directly credited to the registered bank account directly without the hassle of any cheque. My bank account is already registered with the amc.

asked Feb 18 '12 at 11:54 by mayur_munshi 11224

It might be an old folio where at the time of investment application you may mentioned mode of payment as cheque.

On such folio, one much submit application for change of payment mode to NEFT/Direct account transfer before initiating a redemption.

You can see in your online login, the payment mode may be still cheque.

answered Feb 20 '12 at 22:33 by Pankaj Batra 5.2k320

Thanks For Your Guidance Sir
(Feb 22 '12 at 16:16) mayur_munshi

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Asked: Feb 18 '12 at 11:54

Seen: 2,383 times

Last updated: Feb 22 '12 at 16:16