HDFC Mutual Fund Permits Upto 5 bank A/cs linked with single folio

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HDFC Mutual Fund now offers a facility of registering upto 5 bank accounts in your folio for receiving redemption payouts. You must specify any one bank account as the “Default” bank account and register a maximum of 4 additional bank accounts^. Upon registration, you can opt to receive future redemption payouts into the bank account of your choice (i.e. any one of the registered bank accounts) without providing any further supporting documents at the time of redemption.

However, please note that the “Default” bank account will be used for settling redemption proceeds, in case you do not specify the bank account along with the request for redemption of units. Dividend proceeds, if any, will also be paid into the “Default” bank account. You have the flexibility to change/delete one or more of the registered bank account(s) and add new bank account(s), subject to a maximum of five accounts.
Once registered, HDFC MF will intimate the registration of these bank accounts to you and also reflect them on your statement of account. Please check the same for correctness once you receive the intimation. We would like to, in your own interest, maintain confidentiality and security of your data and hence the bank account information will be partially masked. Your account statements will reflect a maximum of the last 4 digits of each registered account number.
For documentation requirements and additional details, please refer to the Frequently Asked Questions (FAQs). To download the application form for this facility, please click here.

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