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Showing posts from September, 2022

The Mutual Fund Mandate Conundrum

I always use the biller option in net banking to set up mutual fund SIPs. This time I was set to help an elderly gentleman to set up a SIP in a scheme run by UTI Mutual fund and that led me to write this post - one after several months in this blog! He has his savings account with a PSU - Canara Bank and I must say that is one tough bank to deal with. Every update requires a branch visit and they charge for literally everything - even for mobile number and email ID updates, separately. It cost us ₹59/- including GST. Tip : If you are unable to reset your net banking password for Canara Bank due to your date of birth not being registered with them, use the Unix default - 01 January 1970!