Glide Invest FAQ: Money has been deducted from my account but no units have been allotted yet?

Money has been deducted from my account but no units have been allotted yet?

Mutual funds follow a T+2 days settlement cycle.  For AutoPay orders, your order first gets placed with BSE Star on T.  On T+1, the order is picked up by the payment system.  On T+2, the payment is deducted from your account.  On T+3, the units are allocated by the AMC.  On T+4, the information is updated on BSE Star.  And by T+5, the update reflects on the Glide Invest App.  Netbanking and UPI payments are the fastest, since the payment has the potential to reach the AMC on the same day, provided the payment is made prior to the cut-off time.  



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