1. Request letter signed by all the unit holder(s) according to the Mode of operation.
2. Documents to be submitted for new bank account proof
Cancelled original cheque of the new bank mandate carrying the first unit holder’s name and bank account number printed on the face of the cheque, or a self-attested photocopy along with the original (for verification & return across the counter) or a copy duly attested by the Bank. (Or)
Self-attested copy of new Bank statement, with entries not more than 3-month old (Or)
Bank passbook with current entries not older than 3 months. (Or)
In case of Minor's folio, any of the above-mentioned proof, from the bank account of the minor or from a joint account of the minor with the guardian must be provided.
Documents to be submitted for existing bank mandate currently registered in the folio.
Cancelled original cheque of the new bank mandate carrying the first unit holder’s name and bank account number printed on the face of the cheque, or a self-attested photocopy along with the original (for verification & return across the counter) or a copy duly attested by the Banker/notary public. (Or)
Original bank account statement / Pass book (Or)
In case such bank account is already closed, a duly signed and stamped original letter from such bank on the letter head of the bank confirming the closure of the said account or Self-attested photocopy of the letter (for verification & return across the counter).
As per AMFI guidelines as a Risk mitigant there shall be a cooling period of 10 days post Updation of the new bank. Hence Redemptions (If any) during the intervening period the date of pay-out shall be altered accordingly.
3. Multiple Bank Mandate Registration:
“Multiple Bank Mandate Registration” Form (To be Mentioned Default Bank)
A Copy of the Bank Proof (Pre-Existing ‒ Default bank mandate registered) to be provided mandatorily.
Any one from the below documents:
Cancelled original cheque of the new bank mandate carrying the first unit holder’s name and bank account number printed on the face of the cheque, or a self-attested photocopy along with the original (for verification & return across the counter) or a copy duly attested by the Bank.
Self-attested copy of latest bank statement or bank passbook with current entries not older than 3 months.
A Maximum of 5 banks can be registered under Individual folios and a maximum of up to 10 banks can be registered in a non-individual folio.
Deletion of Registered Bank (Non-Default bank)
Duly filled deletion of bank details in the MBR Form of the Bank details which is to be deleted