Thank you for investing in SBI Mutual Fund.
It has always been our endeavor to make payment of the dividend/redemption proceeds to our investors timely and speedily. We currently have an arrangement with 47 banks (click on the link to view the list of 47 banks) for processing the payment (redemption & dividends) through direct credit (core banking). We hope to broaden this facility further by making arrangements with few more banks shortly. Direct Credit is a simple, secure and reliable service which enables receipt of payments directly into banks through electronic transfer. This facility eliminates the time lag between dispatch and receipt of warrants and the need to personally bank the instrument and subsequent credit to the bank account. As a mode of payment, Direct Credit is fast, safe and reliable and also does away with fraudulent encashment of warrants. In order to remit the dividend/redemption proceeds through direct credit, kindly provide your bank details (if you have an account with any of these 47 banks) in the given Format (click on the link to view the format) along with cancelled cheque leaf.
To enable us to serve you better, we request you to kindly inform us of any change in your relevant information. We would request you to spare a few minutes of your valuable time and advise us your updated particulars including your e-mail address, mobile numbers etc in given format (click on the link to view the format) to enable us to reach you faster. It may please be noted, that SEBI Regulations make it mandatory for investors to provide complete bank details.
The above documents may be forwarded to our nearest Investor Service Center or to our Registrars.
We value for your investments and look forward to your continued patronage.
Regards, Team SBI Mutual Fund