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

Form for HDFC Mutual Fund

Form for Franklin Templeton Investments

 Form for Reliance Mutual fund

 Form for SBI Mutual Fund