Payment Cutoff Times

 
Channel Particulars Liquid Schemes – Any amount for T-1 day NAV Liquid Schemes – Any amount for T day NAV Debt/Equity Schemes, Transaction value < 2 lakhs for T Day NAV Debt/Equity Schemes, Transaction value >= 2lakhs for T Day NAV
BSE Order time 9:00 am to 1:00 pm 9:00 am to 3:00 pm 9:00 am to 3:00 pm 9:00 am to 2:00 pm
Funds transfer /credit to BSE 1:00 pm (T Day) 9:30 am (T+1 Day) 9:30 am (T+1 Day) 2:00 pm (T Day)

* T day - transaction day
* NAV - Net asset Value

 

Client can make payment from Web/Mobile app window or alternatively client will also get an Email Link from BSE for making payment, following this link we give you below listed payment options, select your payment mode and make the payment. In case payment mode is Cheque please do not initiate payment from this link.

 

In case of NEFT/RTGS enter the Unique transaction reference Number - UTR which you will get after making the payment

  

Payment Modes

 
  1. Direct Pay – BSE has listed 5 banks as Direct pay, credit of funds to ICCL (BSE) happens on real time, client should check their bank limit on net-banking transfers.
    Direct Bank List – ICICI Bank, Yes Bank, IDBI Bank, SBI, AXIS Bank
  2. Nodal – All other banks other than the Direct ones comes under Nodal category, credit of funds to ICCL ( BSE) happens on T+1 or T+2 days, client should check their bank limit on net-banking transfers
  3. NEFT/RTGS – Client can add ICCL as beneficiary in his account and transfer the funds or can do NEFT/RTGS from his bank. Credit of funds to ICCL account happen in 10-15 minutes in case of same bank and 30 minutes in case of other Banks
  4. One Time mandate – Client can make payment from their approved Bank mandates, Credit of funds to ICCL happens T+2 till T+5 days
  5. Cheques – Clients can make payments via cheque too
    a. Client can issue a single cheque for all the investments made in a single day
    b. Order number, client code and the member ID needs to be mentioned on the back of the cheque
    c. Cheques should be submitted by 9:30 T+1 day at specific Karvy office for all funds including CAMS registered funds as well
    d. Allotment of units will happen on the realization of the cheques for all Liquid transactions and for Debt/Equity transactions >= 2 lakhs

(Do not initiate payment through the payment link in case payment mode is Cheque)