Discontinuation Of Axis Bank Cheque Collection, HDFC Bank To Replace Service
Axis Bank's cheque collection facility for Mutual Fund transactions on the BSE StAR MF platform will be discontinued. HDFC Bank will provide the cheque collection service moving forward. Alternative payment options are also available.
Axis Bank to Discontinue Cheque Collection Service | File Image |
Mumbai: Members are notified that the cheque collection facility provided by Axis Bank for Mutual Fund transactions through the BSE StAR MF platform will be discontinued soon. Clients wishing to pay by cheque can now use HDFC Bank's cheque collection service on the platform.
Alternative Payment Methods Available
Members are encouraged to inform their clients that, apart from cheques, other payment options are also enabled on the BSE StAR MF platform. These alternatives can be used for making payments against purchase orders.
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Important Contact Information
For any queries, members can reach the service center at 022-45720450 or 022-45720650 during business hours (8:00 AM to 7:00 PM). Alternatively, questions can be raised on the CRS portal: BSE CRS Portal.
Link to Earlier Notice
For additional details, refer to the earlier notice about the HDFC cheque collection facility here.
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