Get What Is Otm

Filling out the One Time Mandate (OTM) form is a straightforward process that facilitates regular investments by allowing automatic debits from your bank account. This guide provides step-by-step instructions to help you complete the form efficiently and accurately.

Follow the steps to effectively complete the OTM form online.

1. Click the ‘Get Form’ button to obtain the form and open it in your preferred editing tool.
2. Enter the date in the format of DD/MM/YYYY, ensuring it reflects the date of the mandate's validity.
3. Indicate your choice for bank operation by ticking the appropriate box - either ‘CREATE’, ‘MODIFY’, or ‘CANCEL’.
4. Provide the UMRN (Unique Mandate Reference Number) which can be found on previous mandates you may have submitted.
5. Fill in the sponsor bank code, ensuring it corresponds with your bank.
6. Select the appropriate utility code for the HDFC Mutual Fund by ticking the box provided.
7. Enter your bank account number and ensure that it is padded with zeroes where applicable.
8. Specify the frequency of the debit (e.g., Monthly, Quarterly, etc.) by marking the relevant option.
9. Provide the total amount that will be debited, written out in words and figures to avoid ambiguity.
10. Include your mobile number and email address, noting that discrepancies will update the existing ones in the folio.
11. Sign in the designated areas to authorize the mandate, making sure all signatories are included.
12. Attach an original cancelled cheque from the bank account being registered along with the form for verification.
13. Review the completed form for accuracy and save all changes. You can choose to download, print, or share the document as necessary.

Complete your OTM and other required documents online to streamline your investment process.