As per SEBI regulations, when you redeem your funds, the payout will be credited to the bank account linked with your folio.
To change the bank details linked to your folio, please do so through the MF Central website.
Here’s how to do it:
- Log in or create an account on MF Central.
- Go to 'Service Requests'.
- Select 'Change of Bank Account Details'.
- Choose the fund and follow the next steps.
Note: Once the bank account change request is processed, it takes 10 working days to complete. After that, you can redeem your funds.