In our constant endeavour to enhance collections processes through beefing existing modes, in this regards we are happy to add a new agency in cheque collections “ HDFC Bank “.
This facility can be availed by the clients of Mutual Fund Distributors (MFDs)/Registered Investment Advisors (RIAs)/MFIs to make payment towards their purchase orders placed on the BSEStAR MF platform, this product will be identified as “Cheque Collection Module" through, HDFC BANK.
The members/clients can deposit the cheques during the normal business hours at the respective HDFC BANK branches.
In case of any further clarification in the matter members may approach the respective relationship manager.
Please find attached the operating guidelines (ANNEXURE I) and process guide (ANNEXURE II) for making payment by Cheque Mode through depositing cheques in HDFC Bank.
For Indian Clearing Corporation Limited
Mehul Parikh AshfaqueAli Kazi
ADGM – Mutual Funds Deputy Manager– Mutual Funds |