Registration is just a onetime process. All you need is to fill and submit a simple 'OTM form' duly signed after reading the “Terms and Conditions” of this facility. Please note that the signatures on the form should be as per your bank records because the form will be sent to your bank branch.

What is register for OTM?

A One Time Mandate (OTM) refers to a one-time registration process where you instruct the bank to deduct a certain amount from your savings account at regular intervals to be credited into your SIP portfolio.

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.