Mutual fund orders can be rejected for different reasons such as issues related to payment completion, bank mismatches or scheme-level restrictions. The rejection message usually indicates the exact reason for the failure.
| Rejection Message | Redemption failed: Insufficient units |
|---|---|
| Rejection Reason | This usually means the required units are not available for redemption. The units may not have been allotted yet, may already have been sold or transferred, pledged or may not be reflecting due to a sync delay. |
| Solution | Check whether the units are allotted, available, and visible in your holdings before placing the redemption request again. |
| Rejection Message | No matching sell transaction (UNRID) |
| Rejection Reason | This means the system is unable to match your redemption request with the corresponding purchase transaction. This can happen if the units are not yet available for redemption. |
| Solution | Retry the redemption after some time, and make sure the units have already been allotted. |
| Rejection Message | Payment not initiated by client end |
| Rejection Reason | This means the payment step was not completed. The payment request may not have been approved in time, or the transaction may have been left incomplete. |
| Solution | Place the order again and complete the payment when the request is received. |
| Rejection Message | AMC does not allow ‘Individual’ tax status |
| Rejection Reason | This means the scheme does not support the investor category mapped to your profile. Some schemes may be restricted for certain investor types. |
| Solution | Try another scheme that supports your investor category or tax status. |
| Rejection Message | Bank mismatch with UCC |
| Rejection Reason | This means the bank details linked to your Unique Client Code (UCC) do not match the bank details as it is not updated. |
| Solution | Contact FYERS Support to get the bank details checked and updated if required. |
| Rejection Message | TPV pending |
| Rejection Reason | This means Third-Party Verification (TPV) is still pending. The order may go through only after the verification is completed. |
| Solution | Wait for Third-Party Verification (TPV) to complete, then retry the order. |
| Rejection Message | Aadhaar eKYC limit exceeded ₹50,000 |
| Rejection Reason | This means the investment amount has crossed the annual limit allowed under Aadhaar-based electronic Know Your Customer (eKYC). |
| Solution | Complete full Central Know Your Customer (CKYC) to remove the investment limit. |
Last updated: 06 May 2026