The bank account through which I had invested in some mutual funds is now closed. I wish to redeem these investments – how can I redeem it?
You can redeem your investments even if the bank account through which the investments were made is now closed
The bank account through which I had invested in some mutual funds is now closed. I wish to redeem these investments – how can I redeem it?
Amitabh Suri, Delhi
Worry not, as you will be able to redeem your investments even if the bank account through which the investments were made is now closed. As you are aware of the investment that you have made, link your active bank account to this investment by submitting a change of bank account request to the AMC. You will need to provide proof of your active account as well details of the now defunct account. Once this process is completed, you just need to fill in a redemption request and your investment can be redeemed into your present active bank account.