When will I receive the money after I redeem my investment on PhonePe?
Your portfolio will get updated in 1-2 working days. However, the time taken for the money to get credited to your account after withdrawal differs for different mutual funds.
Please refer to the below table to understand the timelines for different types of funds:

Equity Funds, including Tax Saving Funds and Hybrid Funds: 3-4 working days
Debt Funds: 1-2 working days
Super Funds: 4-5 working days
Instant Withdrawal for Liquid Funds: 30 minutes

Note: Instant withdrawal is available only for Liquid Funds where upto 90% of your portfolio or up to ₹50,000, whichever is lower, can be instantly withdrawn and the remaining amount gets credited to your bank account in 1-2 working days like other debt funds.

What if I see the 'Your bank doesn't support instant withdrawal' message?
You will see this message if your bank doesn’t support IMPS payment. In this instance, your money will be credited to your bank account within 1-2 working days for your liquid funds.