Why are we asking for PAN and bank details?
PAN is essential for any kind of financial investment whether the customer is an entity or an individual. This is as per SEBI guidelines.
We need your bank account details for 2 things:
- To verify that the bank account belongs to you.
- To facilitate automated fund transfer in line with your investment instructions
Please note that your money does not come to Scripbox at any point of time. It goes directly to the bank account of the mutual fund company. When you withdraw, it comes directly to your bank account.