Once you’ve signed-up, when you can start investing depends on a few things.
a) If you’ve already done your one-time Know Your Customer (KYC) for mutual funds
Most well-known banks (e.g. SBI, ICICI, HDFC, Axis) support Net Banking for mutual funds - you can place your first investment NOW
b) One-time KYC for first-time mutual fund investors
If you’re investing and doing the KYC process for the first time, you can upload the documents while opening your account with Scripbox. If your one-time Know Your Customer (KYC) for mutual funds is incomplete or rejected or old-KYC or under process for more than 15 days we need your signed KYC form, PAN copy and address proof copy, before you can start investing. This is a regulatory requirement. Please sign the pre-filled KYC form we’ll e-mail you, and mail it back to us along with signed copies of your PAN card and address proof. You will also need to record a short 5-second video selfie. Once we receive your documents and video, we will activate your account within 1 working day, after which you can invest using Net Banking.
c) Monthly Systematic Investment Plans (SIPs) for automated investing
If you’re investing from HDFC or Axis Bank, you can start monthly recurring investments by creating an E-mandate NOW
For other banks, and for banks that don’t support Net Banking for mutual funds (e.g. Citibank, HSBC, Bandhan), we’ll need you to sign and e-mail email@example.com a photo of the pre-filled bank mandate we'll e-mail you. We do not need the hard copy. It takes 10-15 working days for most banks to approve the mandate, after which you can setup your monthly SIP.