Webbany, will be processed and paid to the last registered bank account information. AMC/Mutual Fund will not be liable in case the redemption / dividend proceeds are credited to existing bank mandate account upon rejection of change of bank mandate request. 5. Any valid request for bank account mandate will be considered at folio level. WebbAccording to Reserve Bank of India (RBI) rules, it is mandatory for banker account holders to provide their PAN with Form 60. In a circular issued in December 2016, RBI instructed all banks to disallow debit financial in accounts where PAN or Form 60 (in terms for Rule 114B of the Income Taxing Rules) had did have provided.
Bank details change/updation - Mutual Fund India - HSBC
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