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To continue your Direct Mutual Fund investments on Paytm Money, it was necessary for you to complete your KYC and to register as a broking client by 15th November 2022.<\/span><\/p>\n As this deadline was missed, Paytm Money has reached an understanding with BSE to transfer your account to them. This means, you will become a customer of BSE StAR MF.\u00a0<\/span><\/p>\n Thank you for being a valued member of Paytm Money.<\/span><\/p>\n As you were informed through our previous communications regarding the migration of our Direct Mutual Fund platform to BSE StAR, it was necessary for you to complete a few regulatory formalities to continue making fresh investments in Direct Mutual Funds and redemptions of the same on the Paytm Money platform. The last date to complete the regulatory formalities was 15 November, 2022. Please refer to our email communication dated 26 June 2022, reminders on 7th July 2022, 13th July 2022, and an extension email dated 31 October, 2022. In case you missed the reminders, here\u2019s a summary of these communications on <\/span>our blog<\/span><\/a>.<\/span><\/p>\n As the required formalities of completing your KYC and opening a Demat account were not completed, we will be making you a direct client of BSE.\u00a0<\/span><\/p>\n Again, a huge thank you for being a part of our Paytm Money community.<\/span><\/p>\n What does it mean for you to become BSE\u2019s direct client?\u00a0<\/b><\/p>\n What will change for you?<\/b><\/p>\n What will remain the same for you?<\/b><\/p>\n <\/p>\n When will you become BSE\u2019s direct client?\u00a0<\/b><\/p>\n We have initiated this transition and it will be done in phases.<\/span><\/p>\n <\/p>\n Can you complete regulatory requirements now and continue enjoying full benefits of Paytm Money?\u00a0<\/b><\/p>\n Yes you can.\u00a0<\/span><\/p>\n Please complete your registration & open a free Demat account<\/a> as a Broking client of Paytm Money Limited. It will take 7 working days to activate your fresh investment once you are migrated to BSE StAR Mutual Fund platform as a Paytm Money user.<\/span><\/p>\n Your Demat Account will be completely <\/b>FREE. <\/b>You would even receive a welcome offer of <\/b>Free Brokerage Credit up to \u20b9500<\/b> once you open your account.<\/b><\/p>\n If you need any support along the way, you can write to us at <\/span>priority.kyc@paytmmoney.com<\/span><\/a>.<\/span><\/p>\n In case you need more information on this matter, you can <\/span>check out this blog<\/span><\/a>.\u00a0<\/span><\/p>\n Your best interests are always our top priority. We look forward to having a long and fruitful investment journey with you!<\/span><\/p>\n <\/p>\n 1. W<\/strong>hat does this transition mean for me?<\/b><\/p>\n What will change?<\/b><\/p>\n What will remain the same?<\/b><\/p>\n <\/p>\n 2. Will I stop being a Paytm Money customer?<\/b><\/p>\n 3. How will I redeem my units?<\/b><\/p>\n 4. How can I reach out to customer support in case of a query?<\/b><\/p>\n 5. Will this impact my existing investments\/folios?<\/b><\/p>\n 6. Will my portfolio be updated?<\/b><\/p>\n 7. What about my future investments?<\/b><\/p>\n 8. What if I don\u2019t want to be a BSE StAR customer?<\/b><\/p>\n 9. Do I need to update my broking registration to continue trading with Paytm Money?<\/b><\/p>\n 10. Will I be charged if I open a Demat account now?<\/b><\/p>\n 11. Does this mean a Demat account will be created for me?<\/b><\/p>\n 12. How do I opt-out of this process?<\/b><\/p>\n 13. What will happen once I complete the regulatory KYC formalities & open a Demat account? <\/b><\/p>\n You will be transferred back to Paytm Money as their client in 7 working <\/span>days, which means your mutual fund transactions will be processed via Paytm money\u2019s broking code (INZ000240532) and <\/span>you will be able to invest in new schemes.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" To continue your Direct Mutual Fund investments on Paytm Money, it was necessary for you to complete your KYC and to register as a broking client by 15th November 2022. As this deadline was missed, Paytm Money has reached an understanding with BSE to transfer your account to them. This means, you will become aContinue reading “Important update regarding Paytm Money\u2019s BSE StAR Integration for Direct Mutual Fund Scheme Investors”<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3840","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=3840"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3840\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=3840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=3840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=3840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/01\/Banner-With-Key-Points-1.png\")
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