Step 5: Wiring

You can wire a token amount to add Phillips as a payee. Please find “Attached” the details of Phillip Capital’s bank A/cs to which you will have to transfer your investment corpus. Please follow the steps below:

  1. There is an ICICI and an HDFC bank A/c. You can transfer money to whichever one is convenient for you. 

  2. Please do the fund transfer from the same bank A/c whose cancelled cheque you would have shared.

  3. Initially please NEFT a token amount of INR 1,000 to the broker bank A/c and share a screenshot once the NEFT is done.

  4. We will check with the broker and then confirm with you that the amount has been successfully credited.

  5. Then transfer the balance investment corpus and again share a screenshot of the successful NEFT. We will again confirm with you once it is credited.

  6. This 2 step process is just a safety check to ensure there are no issues with the transfer process.