Change of bank details
Requires bank name, branch name, MICR and IFSC where applicable, account number and account type, with a bank mandate form and either a cancelled blank cheque leaf, a self-attested bank statement or passbook not older…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- Beneficial ownerThe investor who owns dematerialised securities for every practical purpose — the depository is the registered owner on the company's books, but the dividends, bonus, rights and votes are the investor's.
- Change of addressThe investor service request to update the address on a folio — signed by the first named holder, backed by PAN and a fresh address proof, and confirmed to both the old and the new address.
- Folio numberThe unique account number a fund house allots to an investor, under which the registrar holds that investor's units across every scheme of the fund, along with the bank mandate, address and signature.
Where this is taught
- Series II-B · Chapter 15: Non-Financial Transactionsintroduced here
- Series II-A · Chapter 13: Investor interface with the R&T Agentintroduced here
Related terms
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