How does the redemption happen when the investor registers with multiple bank accounts? Where do the proceeds get credited? : IFANOW

How does the redemption happen when the investor registers with multiple bank accounts? Where do the proceeds get credited? Print

Created by: IFA Support Admin

Modified on: Mon, 19 Sep, 2016 at 11:45 AM

The investor can specify bank account (from the list of registered bank accounts of the investor) for the credit of redemption proceeds.

In case no specific bank account is mentioned or the bank account specified is not a registered account number, the redemption amount will be credited to the default registered bank account with RTA.

The redemption amount will be credited to the requested bank account only if it is available as a part of the investor bank account master maintained with the RTA.

Ifa is the author of this solution article.

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How does the redemption happen when the investor registers with multiple bank accounts? Where do the proceeds get credited? Print

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