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BackWhat are the payment modes available at ET Money and their efficiency?
The table below provides a summary of available payment modes, their respective cut-off timings, and when the amount is debited from the investor's account and units are allotted. This helps in choosing the most effective mode to ensure timely investment processing.
| Payment Mode | Bank Name | Cut-off Time | Day of Debit to Investor's Account | Day of Unit Allotment |
|---|---|---|---|---|
| UPI | All Banks | 2.00 PM | T | T* |
| Net Banking | HDFC Bank, ICICI Bank, Axis Bank, Kotak Bank, IDBI Bank, Yes Bank, State Bank of India, IDFC Bank & Indusind Bank | 2.00 PM | T | T* |
| Net Banking | All Other Banks | 2.00 PM | T | T + 1* |
| Easy Pay (NACH Mandate) | All Banks | 2.00 PM | T+1 | T + 2* |
Note:
- Cut-off time for LIQUID SCHEMES is 12 PM
- T = Transaction Day.
- This efficiency chart applies to non-liquid schemes only.
- Unit allotment is also subject to payment realization and fund house confirmation.
- *Irrespective of the efficiency, the NAV applicability/allotment is completely based on the fund realization.
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