OTM, or 'One Time Mandate' is a one time registration process that will allow you to invest with a mutual fund in a simple, convenient and paperless manner. Simply put, it is an authorization to your bank account to debit money up to a certain limit in a day to a mutual fund of your choice.

What is OTM payment method?

OTM, or 'One Time Mandate' is a one-time registration process where in the investor authorizes his banker to execute debits to his bank account up to a certain limit based on requests received from Tata Mutual Fund. ... The debits will happen through National Automated Clearing House (NACH).

Is OTM mandatory for SIP?

A One Time Mandate (OTM) is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for OTM, you don't have to follow the payment process every time you invest in the SIP.