Update Your Mutual Fund Bank Details Easily with CAMS!

  • Version
  • Download 828
  • File Size 1.01 MB
  • File Count 1
  • Last Updated March 9, 2024
  • 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:

    1. Download the Change of Bank Form or fill it online and print it.
    2. 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.
    3. 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 FundFolio Valuation Limit
    Aditya Birla Sunlife1,50,000
    DSP Mutual Fund3,00,000
    Franklin Templeton1,50,000
    HDFC Mutual Fund1,50,000
    ICICI Mutual Fund1,50,000
    IIFL Mutual Fund1,50,000
    Kotak Mutual Fund1,50,000
    L&T Mutual Fund3,00,000
    Mahindra Manulife Mutual Fund1,50,000
    PPFAS Mutual Fund5,00,000
    Shriram Mutual Fund1,50,000
    Tata Mutual Fund1,50,000
    Union Mutual Fund1,50,000
    White Oak Mutual Fund1,50,000

    Follow the step to online Bank Update:

    1. Prepare scanned images of both cheques following the guidelines above.
    2. Visit the CAMS Bank Update page. (Search for "CAMS Bank Update")
    3. Enter your PAN number and select your fund house.
    4. Provide your mobile number and registered email ID.
    5. Verify the OTP sent to your phone.
    6. Choose the folio you want to update.
    7. Upload the scanned images of your old and new cheques.
    8. Sign the electronic consent form and submit your request.

    For folios exceeding the valuation limit, the offline process is recommended.

    good & bad image difference for bank update copy

    cheque copy good image scan for bank update

    Rajendra Todkar is an experienced finance, investment, and insurance writer with a passion for educating readers about personal finance and helping them make informed decisions. With over 15 years of dedicated experience in the field, Rajendra Todkar has established a strong reputation for providing valuable insights and practical advice.
    Leave a comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *