Revision in 2FA Authorization Process for Non-demat Mutual Fund Transactions and Systematic Registrations/Cancellations on NSE MF Invest Platform

[Image omitted. See the official document.]

National Stock Exchange of India

Circular

To All Members,

Subject: Revision in 2FA Authorization Process for Non-demat Mutual Fund Transactions and Systematic Registrations/Cancellations on NSE MF Invest Platform

Members and Distributors are hereby informed that, pursuant to the revised Two-Factor Authentication (2FA) framework, the registered Email ID and Mobile Number maintained in the respective RTA records against the Folio Number and PAN shall be used for authorization of specified mutual fund transactions and systematic registrations/cancellations executed through the NSE MF Invest Platform with effect from $04^{\text{th}}$ July 2026.

• The revised process shall be applicable for the following transaction types:
  • Additional Purchase
  • Redemption
  • Switch
  • SIP/XSIP Registration and Cancellation
  • STP Registration and Cancellation
  • SWP Registration and Cancellation

Members are advised to take note of the above changes. Detailed operational guidelines and process flow are provided in the attached Process Note (Annexure-I).

For and on behalf of National Stock Exchange of India Limited

Milton Dias Associate Vice President

Sagar Vaidya Senior Manager

Enclosure: Annexure I: Process Note

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Regd. Office : National Stock Exchange of India Limited | Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051, India +91 22 26598100 | www.nseindia.com | CIN U67120MH1992PLC069769

Non-Confidential

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2FA Process note

For the below transaction types, the Email id and Mobile number will be fetched from the respective RTAs records based on the folio no. & PAN for the purpose of 2FA (Two factor authentication) at the time of transaction placement or registration/cancellation of systematic transactions.

1. Additional Purchase
2. Redemption
3. Switch
4. SIP/XSIP Registration & Cancellation with Folio
5. STP Registration & Cancellation with Folio
6. SWP Registration & Cancellation with Folio
7. SIP/XSIP Top-up registration

Revised Authorization Process:

1. The existing process for placing transactions and registering/cancelling systematic transactions will remain unchanged.
2. After successful placement/registration/cancellation of the transaction, the investor will receive the SMS and/or Email based on RTA folio records, or UCC records in case no response is received from the RTA.
3. During authorization for 2FA, an option titled “Select Email/Mobile for Authorization” will be available in the dropdown menu, as illustrated below: a. If “All” is selected, all pending records available for authorization will be displayed. b. If the investor selects specific Email ID/Mobile no, the screen to display only those transaction records where in the respective email id and mobile are updated.

[Image omitted. See the official document.]

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4. The Investor shall select the required orders/registrations/cancellations and choose the authorization mode (Email/Mobile/Both)
5. Based on the selected option, the respective masked Mobile Number and/or Email ID will be displayed.

Upon clicking the “Send OTP” option, the OTP will be triggered through SMS and/or Email as per the selected authorization mode.

[Image omitted. See the official document.]

Important Points

• If the Mobile no. available in the RTA records is less than or greater than 10 digits, only the Email option will be available for 2FA authorization. In such cases, the Mobile option will not be displayed.