How to invest in Mutual Funds via NEFT/RTGS on Fyers Direct?

How to invest in Mutual Funds via NEFT/RTGS on Fyers Direct?

Investing in mutual funds on Fyers Direct using NEFT/RTGS is a streamlined process designed to facilitate efficient fund mapping on the BSE StAR MF platform. Here is a step-by-step guide tailored for mutual fund distributors (MFDs) and their clients across different banking platforms:
  1. For HDFC Bank Account Holders: Go to Fund Transfer in HDFC's internet banking facility and select eCMS Module and select 'Transfer within Bank' to add Indian Clearing Corporation Ltd (ICCL) as a beneficiary. This is a one-time requirement. Make the payment via NEFT/RTGS. Once the transfer is successful, note down the Unique Transfer Reference (UTR) Number.
  2. For Clients of Other Banks: Clients who has account with banks other than HDFC bank can still proceed with NEFT/RTGS transfers using the ICCL account details with HDFC bank as per your convenience.
ICCL Bank Account Details for NEFT/RTGS:

Bank
Beneficiary Account No
Beneficiary Name
IFSC Code
Account Type
HDFC Bank
MFDICC
Indian Clearing Corporation Ltd -MFD A/c
HDFC0000240
Current

*Ensure all payments to ICCL are strictly through NEFT/RTGS to maintain the integrity of your transactions and prevent delays or rejections.
​
Points to Remember:
  1. Funds transferred via RTGS are valid for T+1 days, after which they will be reversed to the source account.
  2. Orders have a 5-day validity for NEFT/RTGS transactions. During this period, any funds transferred will automatically be mapped to pending orders, provided the fund amount is higher or equal to the order amount.
  3. Unmapped balance funds will be reversed to the source account in T+1 day. The system will not map funds to any pending or new order if the order value is higher than the balance amount. No partial allocation is done.
Note: The ICICI bank fund transfer has been discontinued from 15th September 2024. For more details, kindly refer to this circular.

    • Related Articles

    • Can NRIs Invest in Mutual Funds Through FYERS?

      Yes, Non-Resident Indians (NRIs) can invest in mutual funds through FYERS, subject to the eligibility set by individual fund houses. FYERS allows NRI participation in direct mutual fund plans, but each Asset Management Company (AMC) defines its own ...

    • How Can I Deposit Funds Into My FYERS Trading Account Using NEFT, RTGS or IMPS?

      You can deposit funds into your FYERS trading account using traditional banking channels such as NEFT, RTGS, and IMPS by logging into your bank’s portal and initiating a transfer to FYERS’ virtual account. These methods are secure and commonly used ...

    • How can I invest in Mutual Funds with FYERS?

      You can invest in Direct Mutual Funds in our exclusive mutual fund platform of Fyers Direct at Zero Commissions. The investments can be in Lumpsum or Systematic Investment Plan (SIP). The procedure to Buy Mutual Funds is as follows: Login to Fyers ...

    • What Are Direct Mutual Funds, and How Does FYERS Offer Them?

      When investing in mutual funds via FYERS, you’ll notice that all offerings are under the Direct Plan variant. Direct mutual funds give investors access to the same schemes as regular plans—but at a lower cost—because there are no distributor ...

    • How do I invest in mutual funds through FYERS?

      FYERS makes mutual fund investing seamless across both web and mobile platforms. You can explore schemes, start SIPs and make one-time investments—all in a few easy steps. Steps to invest in mutual funds on FYERS App Log in to FYERS App. Navigate to ...