Eligibility for Investment

• Yes, you can directly invest in mutual funds using your salary account.
• The account must be active, KYC-compliant, and allow online transactions.
• The account should have sufficient balance for SIPs or lump-sum investments.
• Both offline and online mutual fund platforms accept salary accounts.
• Investment can be made through mobile apps, websites, or bank branches.

Online Investment Options

• Use your bank’s internet banking or investment portal for mutual fund access.
• Register for SIP or one-time investments directly from the account.
• Banks also offer curated mutual fund schemes through tie-up partners.
• UPI, net banking, and mandate-based auto-debit options are available.
• Most platforms allow tracking and managing investments in real time.

Documentation and KYC

• Complete e-KYC or full KYC verification with PAN, Aadhaar, and photo.
• Salary account details are linked as the source of investment.
• Once verified, no repeated submission is required for future investments.
• KYC status must be active as per SEBI norms.
• Update bank mandate details for auto-debit registration.

Auto-Debit and SIP Setup

• Register a NACH or e-mandate for SIPs from your salary account.
• Set start date, frequency, and monthly amount in the mandate form.
• The bank will auto-debit the amount on scheduled dates.
• SIPs can be modified, paused, or cancelled anytime via platform.
• Monitor bank statements for successful deductions.

Points to Note

• Salary account must remain operational with monthly credits.
• Insufficient balance on SIP dates may result in transaction failure.
• Ensure correct IFSC and account details while linking with mutual fund platform.
• Keep email and mobile number updated for transaction alerts.
• Investment proceeds and redemption amounts are credited to the same account.