Payments Settlement TATs

Payment modes and their settlement TATs

Payment Modes	Day of Debit to Investor's Account	Day of Unit Allotment
Netbanking/UPI (Basket Orders)	T	T+1
Netbanking/UPI (Single Order Payments)	T	T/T+1**
UPI Autopay	T	T+1
eNACH Mandate	T	T+1

Note:

• ** For single-order payments, the same day settlement is subject to support of the payment methods and banks by the given AMC as detailed in the below table.

Note on NAV applicability:

• For single-order payments, the day of unit allotment depends on the time of order submission. If the order is placed before the fund’s cut-off time, units are allotted at the T-day NAV; otherwise, allotment occurs on T+1.
• The fund cut-off time for liquid funds is 1:15 PM, and for non-liquid funds is 2:45 PM.
• NAV applicability is subject to realization of funds in the respective AMC’s collection account.
• For basket orders, the day of unit allotment is always T+1.
• Unit allocation is limited to market working days only.

Same-day settlement supported banks per AMC

Same-day NAV is applicable only when payments are made through UPI (if supported by the AMC) or through Netbanking via the banks supported by the respective AMC, as detailed in the table below.

AMC Name	UPI supported	Netbanking supported
Aditya Birla Sun life Mutual Fund	Yes	HDFC Bank IDFC FIRST Bank Kotak Bank State Bank of India Axis Bank ICICI Bank Yes Bank Ltd
UTI Mutual Fund	Yes	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank IDBI Bank IndusInd Bank Yes Bank Ltd IDFC FIRST Bank
Bandhan Mutual Fund	No	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank IDBI Bank IndusInd Bank Yes Bank Ltd IDFC FIRST Bank
Edelweiss Mutual Fund	Yes	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank IDBI Bank Yes Bank Ltd IDFC FIRST Bank
The Wealth Company Mutual Fund	Yes	HDFC Bank Axis Bank ICICI Bank
JM Financial Mutual Fund	Yes	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank IDBI Bank IndusInd Bank Yes Bank Ltd IDFC FIRST Bank
Motilal Oswal Mutual Fund	Yes	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank IndusInd Bank Yes Bank Ltd
Capitalmind Mutual Fund	Yes	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank Yes Bank Ltd
Quantum Mutual Fund	Yes	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank IDBI Bank IndusInd Bank Yes Bank Ltd IDFC FIRST Bank
DSP Mutual Fund	Yes	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank IndusInd Bank Yes Bank Ltd IDFC FIRST Bank
Kotak Mahindra Mutual Fund	No	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank IDBI Bank IndusInd Bank Yes Bank Ltd IDFC FIRST Bank
ICICI Prudential Mutual Fund	No	State Bank of India HDFC Bank Axis Bank ICICI Bank Yes Bank Ltd
Axis Mutual Fund	Yes	Kotak Bank HDFC Bank Axis Bank ICICI Bank IDBI Bank Yes Bank Ltd IDFC FIRST Bank State Bank Of India
Quant Mutual Fund	Yes	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank IDFC FIRST Bank
Nippon India Mutual Fund AMC	Yes	Kotak Bank State Bank of India HDFC Bank Axis Bank ICICI Bank IDBI Bank IndusInd Bank Yes Bank Ltd IDFC FIRST Bank
HDFC Mutual Fund AMC	No	Kotak Bank HDFC Bank ICICI Bank IDBI Bank IDFC FIRST Bank State Bank of India Axis Bank Yes Bank Ltd
360 One Mutual Fund	No	Kotak Bank ICICI Bank IDFC FIRST Bank IndusInd Bank Axis Bank Ltd

eNACH and Basket order Netbanking supported banks

The following table lists the banks that support Netbanking payments for basket orders for lumpsum transactions and eNACH mandate authorizations via Netbanking.

Bank Name	IFSC Identifier	Netbanking supported	Enach supported
Airtel Payments Bank Ltd	AIRP	No	Yes
Andhra Pragathi Grameena Bank	APGB	No	Yes
AU Small Finance Bank	AUBL	Yes	Yes
Axis Bank	UTIB	Yes	Yes
Bandhan Bank	BDBL	Yes	Yes
Bank of Baroda - Retail	BARB	Yes	Yes
Bank of India - Retail	BKID	Yes	No
Bank of Maharashtra	MAHB	Yes	Yes
Canara Bank	CNRB	Yes	Yes
Capital Small Finance Bank Ltd	CLBL	Yes	No
Central Bank of India	CBIN	Yes	Yes
Citi Bank	CITI	No	Yes
City Union Bank	CIUB	Yes	Yes
Cosmos Bank	COSB	Yes	Yes
CSB Bank Ltd	CSBK	No	Yes
DBS Bank India Ltd	DBSS	No	Yes
DCB Bank Ltd	DCBL	No	Yes
Deutsche Bank	DEUT	Yes	Yes
Dhanalaxmi Bank	DLXB	Yes	Yes
Equitas Small Finance Bank Ltd	ESFB	No	Yes
ESAF Small Finance Bank Ltd	ESMF	No	Yes
Federal Bank	FDRL	Yes	Yes
Gujarat State Cooperative Bank	GSCB	Yes	No
HDFC Bank	HDFC	Yes	Yes
HSBC	HSBC	Yes	Yes
ICICI Bank	ICIC	Yes	Yes
IDBI Bank	IBKL	Yes	Yes
IDFC Bank	IDFB	Yes	Yes
Indian Bank	IDIB	Yes	Yes
Indian Overseas Bank	IOBA	Yes	Yes
IndusInd Bank	INDB	Yes	Yes
Jana Small Finance Bank	JSFB	Yes	Yes
Jio Payments Bank Ltd	JIOP	No	Yes
Karnataka Bank Ltd	KARB	No	Yes
Karnataka Vikas Grameena Bank	KVGB	No	Yes
Karur Vysya Bank Ltd	KVBL	Yes	Yes
Kerala Gramin Bank	KLGB	Yes	No
Kotak Mahindra Bank	KKBK	Yes	Yes
NSDL Payments Bank Ltd	NSPB	No	Yes
Paytm Payments Bank Ltd	PYTM	No	Yes
Punjab and Sind Bank	PSIB	Yes	Yes
Punjab National Bank	PUNB	Yes	Yes
RBL Bank Ltd	RATN	No	Yes
Saraswat Bank	SRCB	Yes	No
SBM Bank	STCB	Yes	Yes
South Indian Bank	SIBL	Yes	Yes
Standard Chartered Bank	SCBL	Yes	Yes
State Bank of India	SBIN	No	Yes
Surat Bank	SPCB	Yes	No
Suryoday Small Finance Bank Ltd	SURY	No	Yes
Sutex Bank	SUTB	Yes	No
Tamilnad Mercantile Bank Ltd	TMBL	No	Yes
The Akola Urban Co-op Bank Ltd	TAUB	No	Yes
The Jammu and Kashmir Bank Ltd	JAKA	No	Yes
The National Co-op Bank Ltd	SRCB	No	Yes
The Varachha Co-op Bank Ltd	VARA	No	Yes
UCO Bank	UCBA	Yes	Yes
Ujjivan Bank	UJVN	Yes	Yes
Union Bank of India	UBIN	Yes	Yes
Utkarsh Bank	UTKS	Yes	No
Yes Bank	YESB	Yes	Yes