The Bombay Stock Exchange (BSE) on March 20, 2024, notified regarding the Method of Bank Account validation to be adopted by Mutual Funds.
This is further to the SEBI letter with subject to ‘Method of Bank Account validation to be adopted by Mutual Funds’.
Members are hereby requested to take note of the SEBI Letter attached as an Annexure concerning the methodology to be adopted for verification of Bank Accounts of the Invertors of Mutual Funds.
All members using third-party vendor solutions and/or in-house developed trading applications are hereby requested to take note of the above.
[Notification No. 20240320-13]
