To check the bank account/s linked to your trading account,click here
Now set a ‘Standing Instruction’ with your bank to transfer funds to your
Sharekhan trading account towards all your Systematic Investment Plans.
A Standing Instruction is given to your bank to execute transfer of funds for a specified value to a specific account, on the same date of every month.
By setting up a 'Standing Instruction' with your bank to transfer funds to your Sharekhan trading account towards Stock SIPs or Mutual fund SIPs, you will no longer need to initiate an amount transfer, or send us a cheque every month. Now you can execute your Systematic Investment Plan with the ease and leave all the tedious fund transfers to us.
| BANK NAME |
ACCOUNT NO. |
ACCOUNT NAME |
IFSC CODE |
MICR CODE |
|---|---|---|---|---|
| HDFC Bank Fort Branch |
15770340013466 | Sharekhan Ltd SIP Account |
HDFC0000060 | 400240015 |
We request you to exercise due diligence while entering the details. As per RBI guidelines, The bank will not be held responsible for any incorrect online transactions and disclosure of account-related details.
PLEASE NOTE
1. Funds for 'Auto Sweep' enabled Mutual Fund SIP’s would automatically be allocated from your trading
account to the MF account.
2. Manual Allocation would have to be initiated from your trading account to the MF account in case
‘Auto Sweep’ is not activated for SIP's.
3. The facility of setting up Standing Instruction online is currently offered by ICICI Bank, Citibank,
HDFC Bank and State Bank of India
4. All fund transfers will take 3 working days to get credited into your trading account hence request
you to set the transfer date well in advance / prior to the SIP date.
For example, if your SIP date is 8th of every month then the fund transfer date should ideally be 5th of every month.
Mr Ram has set up a SIP in his Sharekhan online mutual fund account to invest in one of Sharekhan’s Top Equity recommended fund – IDFC Premier Equity. The SIP amount is Rs 5000 and the date of investment is on the 10th of every month for the next 3 years
(36 months). He sets up a ‘Standing Instruction’ on his bank account to transfer money on the 7th of every month
( 3 days before the SIP date) for the next 36 months. This will ensure that all his SIP transactions get executed successfully.
If you have any doubts regarding setting
up your Standing Instructions with your
bank, you can get in touch with us on:
