How long will it take for my MF units redemption amount to reflect in my bank account?

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: Go to the ‘Discover' tab from the bottom navigation bar and click on 'Mutual Funds -  Your Portfolio'.

Step 3: Next under MF portfolio click on ‘View Order History’.

Step 4: Click on the ‘All Orders’ tab.You will be able to see your sell order status along with the redeemed amount, payment date and bank account number. This is where you may check when the redemption amount will be credited to your account here.

Note: As per the SEBI circular, the redemption amount will be credited directly to your registered bank account instead of Upstox wallet.