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- Last Updated March 9, 2024
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Keep your mutual fund investments running smoothly by updating your bank details. This ensures redemption proceeds reach the correct account.
CAMS offers both offline and online options for your convenience:
- Download the Change of Bank Form or fill it online and print it.
- Print the form and attach a cancelled cheque from both your old and new bank accounts. If your name isn't pre-printed on the new cheque, include the first and last page of your latest bank passbook.
- Submit the completed form with cheque copies at your Mutual Fund Office or a CAMS office.
Online Update Process (For folios under a specific valuation limit):
Before you begin, ensure you have scanned, high-quality images (less than 5 MB) of both your old and new cheque. The entire cheque, with a dark background, needs to be clearly visible. CAMS cannot accept cheques with handwritten or stamped account information.
If your folio valuation exceeds the valuation limits mentioned below, otherwise use Offline process fill up Service request form.
| Mutual Fund | Folio Valuation Limit |
|---|---|
| Aditya Birla Sunlife | 1,50,000 |
| DSP Mutual Fund | 3,00,000 |
| Franklin Templeton | 1,50,000 |
| HDFC Mutual Fund | 1,50,000 |
| ICICI Mutual Fund | 1,50,000 |
| IIFL Mutual Fund | 1,50,000 |
| Kotak Mutual Fund | 1,50,000 |
| L&T Mutual Fund | 3,00,000 |
| Mahindra Manulife Mutual Fund | 1,50,000 |
| PPFAS Mutual Fund | 5,00,000 |
| Shriram Mutual Fund | 1,50,000 |
| Tata Mutual Fund | 1,50,000 |
| Union Mutual Fund | 1,50,000 |
| White Oak Mutual Fund | 1,50,000 |
Follow the step to online Bank Update:
- Prepare scanned images of both cheques following the guidelines above.
- Visit the CAMS Bank Update page. (Search for "CAMS Bank Update")
- Enter your PAN number and select your fund house.
- Provide your mobile number and registered email ID.
- Verify the OTP sent to your phone.
- Choose the folio you want to update.
- Upload the scanned images of your old and new cheques.
- Sign the electronic consent form and submit your request.
For folios exceeding the valuation limit, the offline process is recommended.
