Sebi clarifies on MF transactions via online aggregators

Sebi clarifies on MF transactions via online aggregators

The regulator said payment aggregators should directly credit the amount collected from the bank account of the investor only into an approved account, as per the instructions from the investor. It also said payment aggregators should not act on instructions of the online platforms to alter the list of approved accounts and in no case, should the amounts be credited to the bank accounts of the online platforms.

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