How do I register for OTM facility?
Registration is just a one time process per Folio. All you need is to fill and submit the duly signed ‘OTM Form’. The signatures on the form should be as per your bank records because the form will be sent to your bank branch. There is no need to attach a cheque copy or cancelled cheque.
What details do I need to mention on the OTM Form?
Mandatory details to be mentioned on the form are:
- Bank account number
- Bank name & branch
- IFSC and/or MICR Code
- Amount (Your daily limit)
- Folio number or application number
- Signature as in bank records
- Mobile no & Email id
Please ensure that there is no overwriting on the OTM Form. Overwritten forms will not be processed.
Specifying the amount on the OTM Form:
We suggest you choose a reasonably high limit. This will help you undertake additional investments at short notice.
Doing so will not compromise safety, as no transactions will happen without your authorisation through physical signature / Online authentication through our website.
Related Articles
What is One Time Mandate (OTM)?
One Time Mandate (OTM) involves a one time registration process which will allow you to conveniently undertake lumpsum / SIP investments in "> , both, offline and online. By registering this mandate, you will authorise the relevant bank (which is ...
What are the benefits of NACH / OTM over ECS to investors?
Reduction in registration time to around 15 working days as against the current registration time of 30 days in ECS. This system provides a positive confirmation from investors' bank about registration acceptance or non-acceptance, unlike ECS. ...
How do I register a SIP?
Step A 1) To register an SIP click here to login with your Folio number and PIN. 2) After the registration of SIP there will be confirmation message in which the SRN number will be mentioned. Step B 1) Login to your net banking website 2) Click on ...
Investment procedure for NRI investors [online/offline]
You can invest in our scheme via two modes, one in online (Subject to KYC Compliant) and the other one is offline. For the US and Canada based clients: The client should be present in India at the time of making any investment in the schemes of PPFAS ...
My PAN is not KYC Compliant
You tried to create the folio but due to non-KYC compliance you were unable to proceed, please find below list of documents required for Fresh purchase along with KYC documents: Common Application Form (page no. 23-28) and OTM+SIP Form (45-46). ...