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HDFC Bank Savings account will be linked to Investment Services Account, which will be debited for the purchases of Mutual Funds. |
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Customers are authenticated/validated based on Telephone Identification Number (TIN) on Phone Banking and Internet Password (IPIN) on NetBanking. |
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To invest through NetBanking Log onto www.hdfcbank.com or dial 1-800-22-1006 (toll free) & 022 - 2856 1818 - Dial #6 to invest through PhoneBanking. |
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Transactions possible PhoneBanking or NetBanking for Mutual Funds are:
- Purchase
- Redemption
- Switch
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Customers can view all their online holdings along with NAV and other details. |
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No cancellations are allowed once the transaction is confirmed. |
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Only one bank account can be linked to the Investment Services Account would be used to fund purchases of Mutual Funds. |
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Redemption and Dividend Payout is directly credited to the Customers account. |
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Only Mutual Funds that are bought (purchased) through the Investment Services Account can be redeemed through this service. |
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Only select AMCs schemes where Bank has an arrangement are offered for purchase and Redemption through the Investment Services Account. The list can be seen on the purchase screen. |
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Cut-off time for same day NAV is 1.00 PM for NetBanking and PhoneBanking |
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PAN Requirement: PAN (Permanent Account
Number) has been made mandatory for investments into mutual funds
for all investors irrespective of the amount. All customers who wish
to apply for Online Mutual Fund(Investment services Account) are required
to have a PAN. |
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For NRI customers(Non-face to face):
The PAN card copy is required to be attested by the Indian embessy
post which the PAN cards can be sent to the home branch or the relationship
manager. |
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The PAN cards are required to be attested
by the Relationship manager as Seen Orignal & verified before
attaching the same with the ISA form.
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