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


#1

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.


#2

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.