How to invest in SBI mutual funds offline?
The State Bank of India (SBI) is one of India's best-known state-owned banks. SBI offers its customers the option to invest in SBI Mutual Funds offline. If you wish to invest in SBI Mutual Funds offline, here are some simple things to follow. We have given a step-by-step method for investing in SBI Mutual Funds offline.
Here are some procedures for investing in SBI Mutual Funds offline.
SBI Mutual Funds offline investment
Follow these procedures to invest in SBI Mutual Funds offline.
- First and foremost, you must contact an SBI Mutual Fund agent or an authorized distributor.
- Then, obtain the application and KYC form (if the KYC procedure has not been completed) via the website, any SBI Mutual Fund branch, or an empanelled distributor office.
- Now you must fill out the application/KYC (if applicable) form and supply the essential information, such as your name, address, PAN, email address, cellphone number, and so on. This email address and cellphone number will be used for future correspondence and to sign up for online transaction services.
- Attach copies of required papers and submit them with a check or demand draft for the desired investment amount.
- You must send the fully signed application/KYC (if applicable) form(s), along with the check and other supporting papers, to any SBI Mutual Fund branch or point of acceptance.
- SBI Mutual Fund will subsequently allocate and assign you a folio number for that specific investment. Finally, once the transaction has been executed, you will receive an Account Statement.
Following these procedures would enable you to invest in SBI Mutual Funds offline.