Scripbox

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What is indexation? When does it apply?

Indexation applies to debt funds only. It is a technique used to adjust the purchase price of your debt fund for inflation. It helps to counter the erosion in the value of the investment over a period of time. The...

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How to place for a withdrawal request from my Scripbox account?

Please find the steps to place for withdrawal below:  Log in to your Scripbox account Click on "Invest More"Select the offering from which you wish to withdraw.Click on "other actions" & select "withdraw".Click on "continue with the same Bank".Enter the withdrawal...

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Is an Indian contact number and address mandatory to register as an NRI?

No, both are not required. However, if you have an Indian address and would like to provide it, it needs to be accompanied by a signed copy of your address proof when you submit your documents to activate your account.

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I am an NRI but I mistakenly registered as a Resident Indian. What should I do?

Please sign-in to Scripbox, click the notification bell icon, and click Modify Registration. You can then change your Investor Type from Resident Indian to Non-Resident Indian, enter your overseas ISD code and mobile number, and proceed from there. The India...

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Once I move overseas, where will the mutual fund companies send my paper statements? Can I choose to receive them in India?

Yes, you can choose for your communication address to be either your overseas or your Indian address, while re-doing your KYC as an NRI. Please contact us & we will help you with it.  For more information please click here.

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What is In-Person Verification (IPV)? Is it required for NRIs, PIOs and Mariners?

In-Person Verification (IPV) is a regulatory requirement that needs to be completed in order to get your KYC registered. It is absolutely required for NRIs, PIOs and Mariners, irrespective of where they are located.  Scripbox uses your video recording (face...

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I want to change my NRE or NRO bank accounts I am using for my Scripbox investments. How do I do that?

Due to COVID-19 outbreak, we are facing delays from KYC agencies & mutual fund companies with regards to bank, address and nominees change processes. We recommend you to defer raising these requests for a few weeks. When changing bank accounts...

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I am moving from India to abroad for a job or to study. Do I need to change my status to an NRI? How do I do so?

Once you become an NRI, you have to inform us. (Your resident status will be changed to NRI once you have typically completed 182 days after you have moved abroad. This is a regulatory requirement.) In order to invest with...