What is a ‘Link your bank account’ form? Why do you need it?
A ‘Link your bank account’ form is an authorisation you give your bank, which allows Scripbox to initiate transfer of funds to the mutual fund company in accordance with the investment instructions you place online.
This mechanism is used to automate your investments. This is highly recommended for all SIP investments.
If you are investing from the listed banks, then you can instantly link your bank account using internet banking.
- If you do not wish to provide the bank linking form then you can invest via Net banking or UPI.
- You will get a reminder email 3 working days prior to the investment date which will have the option to invest via Net banking or UPI.
Due to the Covid-19 outbreak, the turnaround time for completing the bank linking process is 20 days, from the day we receive the bank linking form.