How to update mandate for your SDP
01:21
Manage your SDP bank account details
When you start a Systematic Deposit Plan with us, you use a bank account from which you invest money. This registered bank account is used for all your future instalments.
In case your bank account details undergo any change, you can update your bank account details so that you do not miss any SDP instalments. Please note if you change your bank account details after 22nd of the month, it will reflect in the subsequent month and will not be applicable for your next month instalment.
-
Change the bank account details for your Systematic Deposit Plan
- Go to our service portal by clicking on the ‘Sign-in’ button on this page.
- Enter your registered mobile number, date of birth, and submit the OTP to sign-in.
- Click on 'Service.'
- Click on 'Relations.'
- Select your systematic deposit plan.
- Click on 'Change bank account.'
- Enter the details such as account holder’s name, new bank account and IFSC.
- Click on 'Continue' to proceed.
Alternatively, you can click on the ‘Change your SDP bank account details’ option below to sign-in to the service portal. Once signed-in, you can select the SDP and enter new bank account details and proceed to change your mandate.
-
Check your Systematic Deposit Plan
Sign-in to our service portal in a few clicks and find your SDP details.
Frequently asked questions
If you notice any discrepancies on your systematic deposit plan statement of account, please raise a request with us.
Your systematic deposit maturity amount gets transferred to the bank account linked with your systematic deposit plan (SDP) on the maturity date. This transfer takes place only through National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS) modes.
However, in case of a payment failure, you will receive a communication on your registered mobile number and email id, requesting you to change your bank account details.
The maturity amount gets transferred to the bank account linked with your systematic deposit plan on the maturity date. This transfer takes place only through National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS) modes. However, if the payment with respect to your payout bounces, you shall be informed through a phone call or email and requested to change your bank account details.
Yes, you can change nominee details after getting consent from all the joint account holders.
Important: You cannot initiate any changes without the consent of all joint account holders.
