Payment Modes and Their Efficiency Lump Sum Transactions - Non Liquid Schemes
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Payment Modes and their efficiency Lump Sum Transactions - Non Liquid Schemes Sr. Day of Debit to Day of Unit Payment Mode Bank Name Cut off Time No. Investor's account Allotment 1 UPI / IMPS All Banks 2.45 PM T T 2 Net Banking* HDFC Bank 2.45 PM T T ICICI Bank 2.45 PM T T Axis Bank 2.45 PM T T Kotak Bank 2.45 PM T T Yes Bank 2.45 PM T T All Other Banks* 3.00 PM T T +1 3 RTGS# All Banks 2.30 PM T T 4 NEFT# All Banks 1.00 PM T T 5 NACH Mandate# All Banks 3.00 PM T + 1 T + 2 6 Cheque Mode# All Banks 3.00 PM T + 2 T + 3 Our payment service providers are: 1. BillDesk - Net-Banking, iSIP, Nach Mandate – Physical / e-Nach *Scroll down for list of banks available for net-baking through BillDesk #For Offline Investment https://www.billdesk.com/index.htm 2. HDFC - UPI services To check Uptime for UPI visit: https://www.npci.org.in/what-we-do/upi/uptime-upi-month-wise Find out list of bank available for UPI transactions. Visit https://www.npci.org.in/what-we-do/nach/live-members SIP Transactions Day of Debit to Day of Unit Sr. No. Payment Mode Bank Name Investor's account Allotment 1 NACH (Physical / E-NACH) * All T T+1/T+2 2 Auto Debit All T T + 1 T = SIP date Disclaimer: * MF / NPCI will endevaour 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 may 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, 3:00 PM for all Schemes except Liquid & Overnight Fund where the cut off time is 1.30 PM). List of Banks available for Net Banking through BillDesk Internet SIP (ISIP) Sr. Lump Sum (Net- E-NACH / Bank Name Mobile No Banking) Net Banking E-Mandate Banking Banks available for Direct Credit 1 HDFC Bank 2 ICICI Bank 3 Axis Bank 4 Kotak Bank 5 Yes Bank *All Other Banks 7 Andhra Pragathi Grameena Bank 8 Bandhan Bank 9 Bank of Bahrain and Kuwait 10 Bank of Baroda- Retail 11 Bank Of India 12 BANK OF MAHARASHTRA 13 CANARA BANK 14 Catholic Syrian Bank Registered Office : Write to us: [email protected] Construction House, 4th Floor, 5, Walchand Hirachand Marg, Mumbai - 400 001 Call us: 1800-209-2726 15 CENTRAL BANK OF INDIA 16 CITI BANK 17 CITY UNION BANK LTD 18 Cosmos Co-operative Bank Ltd. 19 DBSB BANK INDIA LTD 20 DCB (Development Credit Bank Ltd) 21 Dena Bank 22 DEUTSCHE BANK AG 23 Development Bank of Singapore (DBS) 24 Dhanlaxmi Bank 25 EQUITAS SMALL FINANCE BANK LTD 26 FEDERAL BANK 27 Fincare Small Finance Bank Ltd 28 FIRSTRAND BANK 29 HSBC 30 IDBI BANK 31 IDFC FIRST BANK LTD 32 Indian bank 33 INDIAN OVERSEAS BANK 34 INDUSIND BANK 35 JANA SMALL FINANCE BANK LTD 36 Jammu & Kashmir Bank LTD 37 Janata Sahakari Bank 38 Kalupur Co-operative Bank 39 Kalyan Janata Sahakari Bank 40 KARNATAKA BANK LTD 41 Karur Vysya Bank LTD 42 Lakshmi Vilas Bank - Retail 43 Mehsana Urban Co-operative Bank 44 NKGSB Bank 45 ORIENTAL BANK OF COMMERCE 46 PAYTM PAYMENTS BANK LTD 47 Pragathi Krishna Bank (Karnataka Gramin Bank) 48 Punjab & Maharashtra Co-operative Bank 49 Punjab and Sind Bank 50 PUNJAB NATIONAL BANK 51 RBL BANK (Ratnakar Bank) 52 Saraswat Bank 53 Shamrao Vithal Co.Operative Bank Ltd 54 Shivalik Bank 55 South Indian Bank Ltd 56 STANDARD CHARTERED BANK 57 State Bank of India 58 Tamil Nadu State Apex Co-operative bank LTD 59 TAMILNAD MERCANTILE BANK LTD 60 TJSB Sahakari Bank Ltd 61 UCO Bank 62 UJJIVAN SMALL FINANCE BANK LTD 63 Union Bank of India 64 United Bank of India 65 Utkarsh Small Finance Bank Registered Office : Write to us: [email protected] Construction House, 4th Floor, 5, Walchand Hirachand Marg, Mumbai - 400 001 Call us: 1800-209-2726 .