When will the amount be credited to the bank account after redeeming a mutual fund?

The time taken for the amount to be credited to the bank account after redeeming a mutual fund varies across mutual funds.

To view the redemption time on Coin web, follow these steps:

1. From the drop down click on Mutual funds.
2. Click on Holdings.
3. Click on the fund and then on Redeem.

The redemption time will be displayed on the order window.

To view the redemption time on Coin app, follow these steps:

1. Tap on Investments.
2. Tap on the fund.
3. Tap on the context menu button and then on Redeem.

Example scenario

Assume the settlement cycle is T+1. If the redemption request is placed before 3 PM on a Monday, the funds will be credited to the primary bank account by the end of the day on Tuesday. If the redemption request is placed after 3 PM, the funds will be credited by the end of the day on Wednesday.

Did you know? If the bank account was modified, the redemption amount will be credited to the bank account that was linked as the primary bank account at the time of order placement.