Redemption orders are confirmed by the AMC on the next business day after the Order Date, and the proceeds are credited directly to your bank account linked in the folio, according to the following timelines.
Note: Orders placed on non-business days or after cut-off time (3.00 PM) would be triggered as orders of the next business day.
Redemption Timeline:
Please note that some funds may have longer settlement cycles but, in most cases, credit should be processed into your bank account as per the table above.