Can I invest from a bank account that belongs to a family member or a friend?
No, as per SEBI regulations, you are only allowed to invest through your own bank account.
Will Glide Invest have access to my bank account?
No, we do not have any access to your bank account. We are just the links between your bank account and the mutual fund house. Please note that we use BSE for reporting the transactions to the AMCs. When you purchase units of mutual funds, we ...
How do I update my bank account details if they have changed due to bank merger?
There has been a series of bank mergers since 2019/20. Given below is the list of merged banks and associated changes. # Erstwhile Bank Merged Bank Changes 1 CORPORATION BANK UNION BANK OF INDIA No changes to A/c Number; Changes only to IFSC code 2 ...
Why do you need my bank account details?
As per regulation from SEBI, we need to verify that the bank account details submitted by you belong to you. Further this bank account will be used to deduct money for investments across Mutual Fund houses. When you sell a mutual fund, money is ...
How can I trust you not to misuse my mandate, bank account and other information?
Your bank mandate is a detailed and binding legal document which authorises us to do tasks only as per your instructions. We cannot do anything else outside of your authorised instructions nor will your bank allow for any unauthorised transaction to ...
My Bank Verification failed. Please help.
We verify your bank account by depositing one rupee into your account. In return, your bank shares the name registered with the bank account. (This process is also popularly known as Penny Drop.) We then use a matching algorithm to match the name ...