Payment Modes and their Efficiency:

Lump Sum Transactions - Liquid Schemes:

Sr. no. Payment Mode Bank Name Fund Cut off Time Day of Debit to Investor's account Day of Unit Allotment
1 UPI All Banks 1:00 PM T T
           
2 RTGS All Banks 12:30 PM T T
           
3 NEFT All Banks 12:30 PM T T
           
4 Net Banking* Axis Bank 1.00 PM T T
    ICICI Bank - Retail Net Banking 1.00 PM T T
    IDBI Bank - Retail Net Banking 1.00 PM T T
    Kotak Bank 1.00 PM T T
    AU SMALL FINANCE BANK 1.00 PM T T
    State Bank of India 1.00 PM T T
    Yes Bank Ltd 1.00 PM T T
    HDFC BANK 1.00 PM T T
    All other Banks 1.00 PM T T+1
           
5 NACH Mandate All Banks 1.00 PM T + 1 T + 2
           
6 Cheque Mode All Banks 1.00 PM T + 2 T + 3

Important Note: Unit allotment will be subject to receipt of funds in the mutual fund account before the applicable cut-off time (Currently, 1:00 PM)


Lump Sum Transactions - Non Liquid Schemes :

Sr. no. Payment Mode Bank Name Fund Cut off Time Day of Debit to Investor's account Day of Unit Allotment
1 UPI All Banks 2.30 PM T T
           
2 RTGS All Banks 2.00 PM T T
           
3 NEFT All Banks 2.00 PM T T
           
4 Net Banking* Axis Bank 2.30 PM T T
    ICICI Bank - Retail Net Banking 2.30 PM T T
    IDBI Bank - Retail Net Banking 2.30 PM T T
    Kotak Bank 2.30 PM T T
    AU SMALL FINANCE BANK 2.30 PM T T
    State Bank of India 2.30 PM T T
    Yes Bank Ltd 2.30 PM T T
    HDFC BANK 2.30 PM T T
    All other Banks 2.30 PM T T+1
           
5 NACH Mandate All Banks 2.30 PM T + 1 T + 2
           
6 Cheque Mode All Banks 2.30 PM T + 2 T + 3

T = Date of application based on cut-off time


Important Note: Unit allotment will be subject to receipt of funds in the mutual fund account before the applicable cut-off time (Currently, 2:30 PM)

* While these 8 banks are technically enabled to provide real time credit, not all PA/AMC may be integrated with all the banks in which case the date of credit to MF account / unit allotment will happen on T + 1.

It may also be stated that the timings mentioned for UPI and Net Banking are subject to end to end funds confirmation received by the system from the respective aggregators.


XSIP/ISIP:

Sr. no. Payment Mode Bank Name Day of Debit to Investor's account Day of Unit Allotment
1 NACH (Physical / E-NACH) * All T T
         
2 Auto Debit All T T + 1
         
3 Internet SIP (ISIP) All T T + 1

T = SIP date


* BSE will endeavour to ensure credit is posted to MF account on the same day of debit to investor's account. In certain circumstances, due to delay at Bank's / Payment Aggregator's end, the credit to MF account and the allotment could get delayed to T+1.

Important Note: Unit allotment will be subject to receipt of funds in the mutual fund account before the applicable cut-off time (Currently, 2:30 PM)

Disclaimer:

The details mentioned in tables above are indicative based on reasonable information available with BSE. The transfer of funds to the collection account of the scheme through various modes, including time involved, is purely dependant on the banking industry procedures from time to time on which the BSE has no control.

Irrespective of the details mentioned above, Unit Allotment and NAV applicability will be strictly based on both receipt of transaction and funds into AMC Bank Account within the cut off time of the scheme from time to time and the BSE will not entertain any dispute towards the details provided above.

List of banks under Net Banking, which offer instant credit of funds to BSE, are subject to change without any prior notice. In case of delays or changes by the Banks in transferring the credits, the unit allotment will be based on receipt date & time of credit only.