How to register for credit of redemption amount or dividend amount directly in your mutual funds registered bank account in India.

With help of E Payout Facility you will enjoy benefits of Instant Credit to your Registered bank account in mutual Funds. 

To available this facility you need to register for Core Banking Details and  avail RTGS/NEFT service to receive redemption/dividend proceeds faster.

  

To benefit from this facility, you need to provide following information:

Full core banking account details: Generally 10-16 digits including prefixed zeroes.(bank account number)

Bank Name and Complete Branch Address: Including Pin code

IFSC Code: This is most important and mandatory for RTGS/NEFT funds transfer. This is an 11 digit alphanumeric code now printed on latest cheques, generally near branch address. Alternatively, you may check the same with your bank branch as well.

MICR code, if available: The nine digit code generally available next to cheque number.

 Why to go for E Payout Facility?

• It is secure, fast and a hassle free medium to make payments
• Funds are transferred electronically
• Eliminates dealing in cheque

Benefits of RTGS / NEFT facility: 

 

• Regulated by RBI with strong customer grievance redressal service.
• Electronic funds transfer system. No cheques involved.
• It is secure, quick and hassle free.
• Nation wide facility covering over 63,000 branches of 90 banks.