The Indian Clearing Corporation Limited, (ICCL) on March 06, 2025, notified the Addendum to Notice on Revised Cutoff Timing for Mutual Fund Subscription.
This addendum refers to Notice No. 20240702-34 dated July 2, 2024, regarding the execution of purchase transactions on the BSE StAR MF Platform. The revised cutoff timing will be effective from April 23, 2025.
For L0 Transactions: Payment Aggregators (PAs), Payment Gateways (PGs), and Banks must upload the Fund Confirmation MIS along with the actual bank credit by 1:00 PM.
For Non-L0 Transactions: The Fund Confirmation MIS and actual bank credit must be uploaded by 2:30 PM.
Members, Payment Aggregators, and Payment Gateways are requested to take note and ensure compliance with the updated timeline.
[Notification No. 20250306-1]
