Changing Bank account across all mutual fund portfolios in coin

General
1

Hi,

I want to close my existing bank account. Before I do that I need to update all MF folios with new Bank account details. I have already updated my bank account details in Zerodha account but I am not seeing same changes in coin platform for MF folios. KARVY and CAMS said these folios are in demat format and they can not help with the bank account changes. Can you please let me know the procedure to update new bank account details for MFs in coin?

Regards,
Prashant Bhat

2

As long as the right bank is linked to your demat, the detaisl shown in your folio don’t matter. Since the unites are held in demat folios are pretty much useless.