When you redeem your mutual funds, the amount will be sent to the bank account linked with your folio. As per SEBI guidelines, redemption amounts can only be transferred to the bank account details recorded in your folio.
To verify which bank account is linked, follow these steps:
1. Login or create an account on MF Central
2. Go to 'Service Requests'.
3. Select 'Change of Bank Account Details'.
4. You will see the bank account linked to your mutual funds.