Manage your bank details in My Account

When you choose any of our Flexi Loan variants, you can register two different bank accounts. This includes your repayment bank account and the drawdown bank account.

Your repayment bank account is the one from which you’re EMIs get deducted every month. While your drawdown bank account is used to receive the funds, you withdraw from the available limit of your Flexi Loan.

Your repayment bank account is the one from which your EMIs get deducted every month, while your drawdown bank account is where you receive funds when you withdraw from the available limit of your Flexi Loan.

If either of your bank accounts undergoes any change, it’s critical to update the information in our records. This will ensure that your loan repayment goes smoothly and that you receive the funds from your Flexi Loan without any problems. Please note that any change in your repayment bank account doesn’t change your drawdown bank account details.

You can manage your bank account details in just a few clicks by visiting My Account.

Note: If you have initiated any change in your profile details, you have to wait at least 90 days to update your drawdown bank account details.

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  Update repayment bank account details

  You can change your repayment bank account in our customer portal by following these simple steps:

  • You can sign-in with your registered mobile number and the OTP.
  • Enter your date of birth to verify your details and proceed.
  • Select the loan account for which you want to update your bank details and proceed.
  • Enter the required details, such as bank name, IFSC and more.
  • Choose your registration mode and proceed.

  
  Alternatively, you can visit our customer portal by clicking on ‘Manage your repayment bank account’ below. You’ll be asked to sign-in. Once signed-in, you’ll be redirected to our ‘Mandate Management’ section. You can then select your loan account, enter the details of your new bank account, and proceed.

  Once your bank account details get updated, you’ll receive a confirmation message on your screen. A confirmation SMS will also be sent to your registered mobile number.

  Manage your repayment bank account

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  Change your drawdown bank account details

  You can manage your drawdown bank account details by visiting our customer portal – My Account:

  • Sign-in with your mobile number and the OTP and verify your details with your date of birth.
    
  • Select your loan account from ‘My Relations’ for which you wish to update drawdown bank account details.
  • Click on the ‘Drawdown Bank Change’ option from ‘Quick Actions’ and proceed to view your existing bank account details.
    
  • Click on ‘Proceed’ and verify your details with the OTP.
    
  • Enter the new bank account details, IFSC, and proceed to update your bank account.
    

  Alternatively, you can also click on ‘Manage your drawdown bank account’ below to get started. You’ll be asked to sign-in. Once signed-in, select your loan account from ‘My Relations’ and click on ‘Drawdown Bank Change’ from 'Quick Actions'. You can find your existing bank details and proceed to update your drawdown bank account.

  Manage your drawdown bank account

When you opt for a Flexi Loan, you can register two different bank accounts for EMI deduction and funds withdrawal. These accounts are known as your repayment and drawdown bank accounts.


Your repayment bank account facilitates EMI deduction while your drawdown bank account is used to receive funds every time you raise a withdrawal request.

If you need to change any of these bank accounts, you can update them in a hassle-free online process by visiting our customer portal.