Absl -Register for Online One Time Mandate(eOTM)
Online One Time Mandate is a paperless process of registering for a one time mandate with your Bank.You may register for a one Time Mandate using Net Banking/Debit Card. Kindly click here to view the list of banks applicable for OTM registration.Once your One Time Bank Mandate is successfully registered, you may do Lumpsum Purchase and SIP seamlessly with a one step process .
One Time Mandate (OTM)
Overview
One Time Mandate (OTM) facility is a one-time mandate registration process that will enable you to transact seamlessly in a simple, convenient and paperless manner. Using the OTM facility, you can instruct your bank to allow a debit of a certain amount, with a transactional upper limit in your account, whenever you wish to transact. Having registered an OTM you can subscribe without having to initiate any payment from your end.Benefits of the Facility:
- It is a one – time registration process
- Invest through any mode (Physical/SMS/Website) via SIP or lump sum purchases.
- Invest without a cheque/DD/transfer funds online.
- Register SIP’s in 5 days for OTM registered investors.
