Search This Blog

Documents required for change in bank details in mutual funds in India



This is uniform procedure which is applicable to all fund houses in India.



To update your bank details, you need to submit letter requesting for change of bank details along with a Cancelled Original Cheque of new bank.

New Bank Account
 1. Documents for Proof of New Bank Account (Bank account details you want to update in mutual fund records)


1] New bank account:
Original of any one of the following documents or originals should be produced for verification or copy should be attested by the Bank:




  • Cancelled original cheque of the new bank mandate with first unit holder name and bank account number printed on the face of the cheque
  • Self attested copy of bank statement  
  •   Bank passbook with current entries not older than 3 months Bank Letter duly signed by branch manager/authorized personnel
 

Old Bank Account

In addition to above what other document required (These are document(proofs) related to your bank account currently registered in mutual fund records)


 You need to submit any one of the following document

 Cancelled Original Cheque bearing account number and first unit holders name on the face of the cheque

                                            OR
 Original Bank Account Statement (latest will be more preferable)
True copy of bank account statement may be accepted only if the original account statement is bought to Designated Investor Service Center for physical verification and in such situation after accepting the true copy the original bank account statement will be returned back across the counter after the verification
                                             OR

True Copy of the Bank Pass Book
Original Bank Passbook should be bought at the Designated Investor Service Center for verification, After verification, the original returned back across the counter.
                                           OR
Closure Letter from Bank
A duly Stamped Original Letter from your bank on the letter head of Bank, confirming the closure of the account.

Also refer:
Uniform Procedure for Change of Bank details, Change of Address


Form for change in bank details








Many mutual fund houses come up with multiple bank registration form for change in bank details, and now many of fund houses accept MULTIPLE BANK ACCOUNTS REGISTRATION FORM for change in bank details.

 ***Click the link to download PDF File for Multiple Registration Bank form









2 comments:

  1. how to change the bank details for sbi mutual fund through online

    ReplyDelete
    Replies
    1. You can't able to change Bank details online in any mutual fund scheme as not allowed.
      In order to make any changes in bank details, you need to submit documents in physical form to nearest collection center ( mutual fund office). or registrar such as cams or karvy.

      Delete

Blog Archive

Scan this QR code using a bar code scanner on your smart phone to get instant information about us

Scan this QR code using a bar code scanner on your smart phone to get instant information about us
Investing Can be Interesting & Financial Awareness

Popular Posts

Golden Rules for Investing

Golden Rules for Investing
Golden Rules for Investing