Do we need to change bank account in mutual funds for Paytm Bank?

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Last Comment 2024-03-04

2024-02-29

I did some mutual fund investment using Paytm Bank. Got one email from [email protected] to update Bank Account in mutual fund as Paytm Bank is dying.

I do not have any SIP setup. Do we need to do change account or we have option of choosing which bank account to redeem into in future?

Attaching mail screenshot.

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https://www.desidime.com/discussions/do-we-need-to-change-bank-account-in-mutual-funds-for-paytm-bank?page=1#post_9914147

dhinchakrohit

2024-02-29

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Screenshot is too small. Yes you need to change bank account in folios for future redemption purpose.

https://www.desidime.com/discussions/do-we-need-to-change-bank-account-in-mutual-funds-for-paytm-bank?page=1#post_9914157

Ahtsham

2024-02-29

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https://www.desidime.com/discussions/do-we-need-to-change-bank-account-in-mutual-funds-for-paytm-bank?page=1#post_9914710

Agni007

2024-02-29

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Did paytm payments bank ever issue chequebook?

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https://www.desidime.com/discussions/do-we-need-to-change-bank-account-in-mutual-funds-for-paytm-bank?page=1#post_9914168

HasdaChehra

2024-02-29

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Change it now

https://www.desidime.com/discussions/do-we-need-to-change-bank-account-in-mutual-funds-for-paytm-bank?page=1#post_9919012

Musky

2024-03-02

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I tried to link APB and I eneterd branch as Gurgaon. But validation failed. Is something wrong here? I do not have any mandate. I am just changing so that I do not face issue while redemption.
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