HDFC Bank offers various channels for handling payment requirements by Mutual Funds. HDFC Bank has developed various products to meet the requirements of timely payments made by Mutual Funds i.e redemption payments, dividend distribution, brokerage payments etc.

Payable At Par Cheques: HDFC Bank offers Mutual Funds payable at par facilities for effecting payments at HDFC Bank Locations. In case Mutual Funds require wider coverage for dividend/redemption payments, we can also offer our correspondent bank network.

Bulk Disbursements: HDFC Bank has the ability to provide a large number of drafts in a short time at very competitive rates. The bank provides demand drafts payable at its locations and various locations of its correspondent banks.

High Value Payout: HDFC Bank offers the facilities of issuing pay orders at specified HDFC Bank locations for Liquid Schemes of Mutual Funds.

Direct Credits: HDFC Bank offers facility for directly crediting dividend/redemption proceeds to the accounts of investors of Mutual Funds having an account with HDFC Bank.

For more details, write into us at fig@hdfcbank.com , and we will get back to you.