POSTED BY August 10, 2013 12:36 pm COMMENTS (2)ON
Sunil Vyas here.
Since 2011 with my first job of my career I am regulary investing in Large Cap Mutual Fund every month 5k with the goal to invest till my retirement.
My ECS was with ICICI (Salary A/C ) but my all bill payment & shopping & LIC are taking execution from SBI ( Saving A/C ) so for maintaining single account I did give a request to my advisor name Bajaj Capital & I also got confirmation from all HDFC,Franklin,DSP in written as well in email.
I gave this request in Jun & in July I got confirmation still in this August my ECS was done with ICICI Bank inplace of SBI Bank.
My advisor told me that it will take an effect from July then how can this possible ???
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2 replies on this article “Bank Change Form Process in Mutual Fund.”
Sunil, Banks send ECS file around 15 day before the ECS date so may be this is the reason.