After redeeming a mutual fund the time taken for the amount to be credited to the bank account varies across mutual funds.
To view the redemption time on the Upstox app, follow below steps:
Step 1: Log in to the Upstox app using your 6-digit PIN or biometrics.
Step 2: Navigate to the 'Discover' tab in the bottom navigation bar and select 'Mutual Funds - Your Portfolio'.
Step 3: Next under MF portfolio click on ‘View Order History’.
Step 4: Select the 'All Orders' tab to view your sell order status, including the redeemed amount, payment date, and bank account number. This is where you can track when the redemption amount will be credited to your account.
Note: As per the SEBI circular, the redemption amount will be credited directly to your registered bank account instead of Upstox wallet.