The post discusses the author’s struggle with changing bank account details in various AMCs due to account data mismatch. The author initially attempted to rectify the issue online, but all requests were rejected. Eventually, the author contacted their broker, Groww, who facilitated the process free of cost. The author emphasizes the importance of verifying bank details and keeping one active account for such purposes.
The post also highlights the challenges faced by another user with a similar issue. Both users express frustration with the time-consuming offline process required to change bank details in AMCs. The author praises Groww for their assistance in the process, and another user confirms their positive experience with the broker. The post also mentions that mutual funds held in Demat form do not require bank account updates.
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