One Time Bank Mandate (OTBM) - Registration Benefits and Mandate Form Filling Guide
It is on February 25, 2016 that NPCI has released a Circular on acceptance of only One Time Bank Mandate Forms with effect from April 25, 2016. RELIANCE MUTUAL FUND along with other Fund Houses communicated this to all their Investors and Partners that they would only accept NACH OTBM Requests for New SIP Mandates with effect from 25-April-16.
Recently it has been observed that there are too many SIP rejections across all FUND houses on account of Incorrect or Incomplete One Time Bank Mandate (OTBM) Form filling.
With a view of providing comfort and ease in filling up the One Time Bank Mandate Form (OTBM) Reliance Mutual Fund have made a video on One Time Bank Mandate (OTBM) Registration Benefits and Mandate Form Filling Quick Guide.
This video has Mr. B Y Joshi Chief-Service Delivery and Operations Excellence explaining the complete Registration process and the steps of One Time Bank Mandate (OTBM) form filling highlighting the steps to be followed with proper numbering across each and every column in the One Time Bank Mandate (OTBM) form.
This will surely bring in more clarity on the One Time Bank Mandate Registration process and will reduce rejections on account of errors in the One Time Bank Mandate Form.
Please Download the One Time Bank Mandate (OTBM) from here http://bit.ly/1RW6nLR
( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)