Mutual Fund redeem throught Coil, Why Cheque, Why money is not automatically going to savings account?

Recently i have redeemed some mutual fund units from Coin account & money is not automatically getting credit to savings account. Canara Robeco is giving cheque, Why is it so? Due to this, i have stopped doing investment through Coin as i don’t want money redeem through cheque.

Someone please help me out.

Hi Anil,

For the redemption order that you had placed through COIN, the amount has been credited to your account and you can verify the same in your ledger. So, I am not sure about the cheque that you have received. Any redemption order placed through COIN will always be credited to your trading account.

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