Manage your bank account details

When you take a loan from us, you have to register an active bank account into which the loan is disbursed. This is the account that your EMIs will be deducted from.

If your bank account undergoes a change, it’s important that you update it on our records. You must do this to prevent the possibility of EMI bounce, unnecessary charges, and a negative impact on your CIBIL Score.

You can manage your bank account details by signing-in to our service portal.

If you’ve opted for our Flexi Loan variant, you have the option to manage two kinds of bank accounts. This includes the EMI repayment account and the withdrawal bank account.

The repayment account is the account from which your EMIs are deducted every month. Your withdrawal bank account is the account in which you receive funds when you withdraw money from your Flexi Loan.

• 

  Change repayment bank account details

  You can update your repayment bank account details in service portal by following these simple steps:
  

  • Sign-in to our customer portal with your mobile number and the OTP
    
  • Enter your date of birth for verification and proceed
  • Go to 'service'
  • Select the loan account from 'Relations'
  • Scroll down to 'Bank details'
  • Click on 'Change bank account'
  • Enter the details such as the account holder's name, new bank account number and IFSC code
  • Select the registration mode and proceed

  
  You can also change your repayment bank account details by clicking on the ‘Manage your repayment account’ text below. You’ll be asked to sign-in to the service portal. Once signed-in, you’ll be redirected to our ‘Bank account details management’ section.
  

  You can then select your loan account and proceed by entering the other required details.
  

  Manage your repayment account
  

  You’ll receive a confirmation message on your screen once your bank account details are successfully registered.
  

  In case you’ve updated any of your profile details recently, you’ll have to wait for 90 days before you can update your repayment bank account details.
  

  Also, any change in your repayment bank account doesn’t change your withdrawal bank account details.
  

• 

  Change withdrawal bank account details

  You can change your withdrawal bank account by visiting our service portal.
  

  • Sign-in to the service portal with your mobile number and the OTP
    
  • Verify your details using your date of birth and proceed
  • Go to 'Service.'
  • Select the 'Flexi loan account' from 'Relations.'
  • Click on 'Withdrawal bank change' and proceed to check your existing account details.
  • Click on 'Proceed' and enter the 'OTP.'
  • Enter new bank account details and IFSC.
  • Click on 'Proceed' to update new bank account details.

  
  Alternatively, you can update your withdrawal bank account by clicking on the ‘Manage your withdrawal account’ text below. You’ll be asked to sign-in to the service portal and redirected to the ‘Relations’ section.
  

  Select your Flexi Loan account and click on the Withdrawal Bank Change’. You can then click on ‘Update Bank Account’ below your withdrawal bank account details and proceed.
  

  Please note that any change in your repayment bank account doesn’t change your withdrawal bank account details.

  Manage your withdrawal account

When you take a loan, you need to register your bank account details for disbursement and EMI deduction. This ensures that your EMIs are deducted on time and that there’s no negative impact on your CIBIL Score. If your bank account details have changed, you must update them to ensure hassle-free loan repayment.


All you have to do is visit our service portal and update your repayment bank account in a few clicks.


If you’ve opted for our Flexi Loan, you also need to register your bank account to receive funds using the withdrawal facility. If there is any change in your withdrawal bank account details, you can visit our service portal and update it.