What is the turnaround time for receiving payout through various modes?

Turnaround Time (TAT) for receiving payout through various modes as follows:


Payout approved before 4 pm

Mode

TAT of Payout

Citibank

NEFT/ RTGS

Same Day

HDFC

Transfer / NEFT/ RTGS

 

Same Day

 

ICICI Bank

Transfer

Same Day

Payout approved after 4 pm

Mode

TAT of Payout

Citibank

NEFT/ RTGS

Same Day / Max next working day.

Citibank

Cheque/ Payorder

Cheque Couriered by Citibank will be received by BA on the Next Working day

 

 

Can be collected from the Citibank Printing locations on the same day late evening.

HDFC

Transfer

Same Day Late Evening

HDFC

Payorder /NEFT/RTGS

Same Day / Max next working day

ICICI Bank

Transfer

Same Day Late Evening


Top


Happy with the solution or Did not find what you were looking for?

Write to us faqfeedback@motilaloswal.com

Motilal Oswal Securities Limited © 2014